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Nothing Else Working? Look to the Staples

By Jim Cramer

 About this article:
 A return to the soft goods and staples? One look at your screen today shows that the market has lost faith in a host of sectors. Even in declining flows of cash into equities, the money has to go somewhere. I think it is flowing back to the staples. First, the case against the other large S&P areas. 1. The uncertainty in the common stock of the financials has turned portfolio managers on to the sell side endlessly. As you can tell from the misdirection in the financials that the government is offering, it is impossible to figure out the worth of the common stock. So, with the exception of Morgan Stanley , Goldman Sachs , Visa and MasterCard , there is no way a responsible portfolio manager can initiate new positions in the group, even if JPMorgan and Wells seem dirt cheap. This is...

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