Cramer mentioned that Wall Street is concerned about Citigroup’s (C) potential $7 billion write down and Washington Mutual’s (WM) second-quarter loss. He explained that the shorts are spreading rumors to take these stocks down. Cramer said there’s a battle going on in XTO Energy (XTO) after the company issued a 26 million-share offering at $48. He pointed out that Citigroup is battling the shorts and XTO Energy is battling the longs. “Keep XTO on your screen, and keep Citi on your screen, and I think you’re going to know the market between now and the end of the day,” he said. Moving on, Cramer said Ford Motors (F) is too speculative. He also said he dislikes General Motors (GM), Sirius Satellite Radio (SIRI) and Washington Mutual. For the oil and gas sector, Cramer said Occidental Petroleum (OXY) and ConocoPhillips (COP) are too cheap. Finally, Cramer said he didn’t understand the rise in railroad stocks like Union Pacific (UNP). “I’d rather be a seller of the rails, than a buyer,” he said. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com