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Stocks discussed on Jim Cramer's Stop Trading TV Program, Thursday March 5.

Fed Ex (NYSE:FDX), Norfolk Southern (NYSE:NSC), CSX (NYSE:CSX), Citigroup (NYSE:C), Bank of America (NYSE:BAC),

Transports have declined so much it seems that trade has come to a halt. With Fed Ex, Norfolk Southern and CSX at 52-week lows, Cramer says Obama’s stimulus is not doing enough for this sector. Financials are also in the doldrums; Citigroup trades at $1 and Bank of America at $3.18. This demonstrates that the short-sellers are in control of the banks when the government should be stepping in. Treasury Secretary Timothy Geithner’s lack of clarity and leadership is causing “the destruction of the American banking system.”


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Source: Cramer's Stop Trading - Transports Screech to a Halt (3/5/09)