Cramer's Stop Trading! The Bears Go after Goldman (10/6/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday October 6.

Goldman Sachs (GS), CIT Group (CIT), St. Jude Medical (STJ), Boston Scientific (BSX)

The bears have figured out the quickest way to bring down the market; attack Goldman Sachs. There are rumors that Goldman Sachs' loan renegotiation with CIT will bring the former's stock down, but Cramer thinks the chatter is just bearish talk to bring down the market leader; "I don't buy it," he said.

St. Jude Medical pre-announced a poor third quarter, but Cramer thinks Boston Scientific has been unfairly punished as a result; “They all go down,” Cramer said, “until you find out that one’s better than the other.”

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com