What the heck is going on here?
The new CEO was doing most of the work cleaning up Citi. Pandit couldn't even submit proper paperwork to the Government. He was messing up simple jobs while the guy turning Citi was in Europe. We now have a better CEO. This is why it is going up.
You better watch!! this is racist behaviour.. nothing else!
Sentiment: Strong Sell
Its going on all over the markets.
case in point.
Amzn has 300 PE, profit margins are less than 1% and it trades at 14XBOOK. They guide down, and stock is just off all time highs.