Jim Cramer told market players that three stores are running the markets right now. He said dropping oil prices, the rally in retail stocks and the continued rally in banking and financial stocks are moving the market higher. Cramer pointed investors towards some of the bank names like Ambac (ABK), which has gone from $1.70 to $4.19 and MBIA (MBI), which has run from $3.90 to $8.70, Wachovia (WB) from $8.90 to $18.60 and Bank of America (BAC) from $18 to $33. He also said that names like Washington Mutual (WM), Fannie Mae (FNM), Freddie Mac (FRE), Citigroup (C) and American International Group (AIG) have all rallied from the market’s July 15 lows. Cramer went on to say that the July 15th lows in many of these names won’t be seen again. Despite Cramer’s optimism for the sector, he still sees some major headwinds facing the banks. He cited a few big issues that could put pressure back on the financial like a bailout of FRE and FNM that would dilute common stock investors, a bankruptcy of Washington Mutual, a $15 to $20 billion financing bailout for AIG, General Motors (GM) and Ford (F) common shares falling more, no housing bottom in 2009 and two homebuilders going bankrupt. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com