
Banks Will Keep Running Over the Shorts

By Jim Cramer
About this article:
Nope, didn't quit. People furiously buying the banks right into the bell. Same with the oils. Historic moves, once-in-a-lifetime moves that seem to know no bounds, and those who were shaken out by yesterday's selloff seem to scramble to get back in.
I am adamant here that banks and oils aren't done running. They were the two cohorts that have been priced for a depression when this rally began, and now they are priced for a recession, but still a deep one. I know people want to take profits in a Wells Fargo or a Citigroup or a Bank of America, but the big dogs still want in.
How do I know this?
Take one look at Wells Fargo, which truly told you everything you needed to know. Here's a bank that, two months ago this week, was supposed to be nationalized because it couldn't raise money.
Today it...

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