Abu Dhabi Invests $7.5 Billion in Citigroup

http://online.wsj.com/article/SB119613039399104832.html?mod=googlenews_wsj

 

I swear I could almost hear the flushing sound.

 

I wonder if that's why the futures just popped up like a balloon underwater. I can't find any other reason.

 

it will help short term ,but long term ? what about off balance sheet ?

bgp

 

yes that's it - happened right when announced - makes them one of the largest shareholders I believe - larger than the Saudi prince

 

Definitely the C story

News wire says that story hit at 10:04 Eastern which agrees with the move start.

Anek

 

yeah ... similar market action to when BOA invested in CFC ...short term squeeze then back down ...

 

it is. all our countries problems are over, just like that.

bgp

 

That's it. It just blew out my short AUSUSD trade. Even Asian equities popped on that news.

 

I'm surprised how tight this info was as C closed at 29.75 and AH took it only to 29.80.

Anek