Well the last time she was right the stock took a 16% haircut. This time I think the market will react stronger based on you fooled me once and now I'm going to punish you. So I say a 32% cut from here.
So $17 is what it will be - you can take it to the bank but don't take it to citibank :-)
Everyone should be afraid of Meredith Whitney's clarity on the subject. Most of these CNBC talking heads don't have the balls to call it the way she just did.
Citigroup is one sick institution. I believe it will have to be taken over by JP Morgan and that will be Jamie Dimon's revenge for being tossed aside by Sanford Weill, a man who is a joke and sowed the seeds of Citigroup's failed initiatives that led to this sorry day.