I think, I found a very bullish headline ! German eco newspaper "Handelsblatt" headline : "Small investors missing bull market" Buy, buy, buy !
zzzzzzzzzzzzzzzzz...............what a boring session...can anybody in London hit one wrong button ?...Ha, ha, ha....
The BOYZ need to crunch through some CITIGROUP numbers...it should be done in half an hour with their EXCEL spreadsheets...come on !
"This was a disappointing quarter, even in the context of the dislocations in the subprime mortgage and credit markets," said Chuck Prince, Citi's chief executive. "A significant amount of our income decline was in our fixed-income business, where we have a long track record of strong earnings, and this quarter's performance was well below our expectations," he said in the earnings release. Reflecting the recent mortgage and credit woes, Citi said revenue generated in its U.S. markets and banking busienss declined 87% in the September quarter. Citi said credit costs increased $2.98 billion, mostly due to credit losses of $780 million and a net charge of $2.24 billion to increase loan-loss reserves. Chuckie, Chuckie, Chuckie....what´s up with you ? Grab your axe and clean up your fixed income division !