1. I have no position in C; I did short FAS and do think the market is going back down
2. Cramer pumping this stock is NOT a good thing; it is obvious that somebody is shorting it; who is Cramer working for ?
3. BAC upgrade is NOT a good thing; you do never buy a stock on upgrade. When a bank puts a buy on stock they start to sell or short.
You don have to listen to me but please stop dreaming with crazy PPS
I do thik this bank will go under before the crysis is over
They will not be able to save everything so they will let worst one go. This crisis is much more serious than people think; the second wave of foreclosures has not yet started. I do think we are still in secular bear market and we have not seen the bottom yet
People who think Citigroup will go Under are complete morons. THE GOVERNMENT WANTS TO MAKE MONEY!!! they have a 34% stake in Citigroup. THEY WANT THE STOCK PRICE TO GO UP SO THEY MAKE MONEY! let me say it again, THEY WANT THE STOCK PRICE TO GO UP SO THEY MAKE MONEY! you get it yet? I highly doubt the government wants to lose billions on this and look like complete morons. AND THE WORST IS OVER already, HENCE THE 50%+ gain in the major indexes since march, and the estimated positive GDP for the third quarter. a Positive GDP means we are not in a recession..understand?
Not only that, they want consumer sentiment up. Also, they want Bernanke to be re-appointed come January. Taking that one step further, the democrats in power would like to stay there. You think they'll let Citi go under and risk losing power? NOPE!