SMH. Whatever. BTW wasn't it you who have been the biggest Trump whore around here? Oh wait, there is also that red man (or red neck, I can't tell the difference).
How do you determine if something is "overpriced". Price is price. Take DJT for example, Brownie determined it was overpriced and shorting the chit outta it. Look at it now. No more overpriced. The market and Brownie does that.
Do you know what the difference between FNGA & FNGB is? After the symbol change I don't see the difference anymore. FNGD is still in tact.
I believe the reason C never came back from the GFC is they had similar issues to AIG but the government bailed out AIG via paying back the CDS contract to Goldman and others. C was left holding the bag on their CDS contracts and lost most of their equity. The reason AIG FP was able to skirt US Insurance regulations is their CDS division was in London. So it was under the British Exchequer regulations. Basically AIG had better bribes to Congress than Citi. It's ironic since the guy who was responsible for the Travelers & Citibank merger, Sandy Weill, was a good friend of Rubin & Clinton and so was ale to curry favor with them. It was really Weill that spurred the Clinton administration to end Glass-Steagall & allow the massive merger.
According to the microsectors website FNGA will be redeemed on 5/15/25. FNGB will be renamed back to FNGU on 6/2/25. It's pretty confusing but the bottom line is these are debt instruments that rely on interest rates so the funding costs changed and they to create a new ETN with new associated costs.
True that. Sandy and Jamie Dimon. They practically reshaped the banking industry in the 90s. It was unfortunate the two couldn't live under the same roof. Anyway, today's Citi ain't the same Citi under Sandy and Dimon.
Another short candidate: Molson Coors (TAP) According to Google: Molson Coors Beverage Company was established in 2005 and is the merger of Molson of Canada and US-based Coors. Since we have this ongoing tariff war with Canada, and the Canadians are mad as hell with their neighbors to the South, I figure this can't be good for either Molson or Coors. The chart is beginning to show weakness as well. There is a floor at $55, but from the look of it, I think there's a good chance we will revisit that level soon, if not break through altogether.
As a teenager Coors was so cool to drink!! In those days it was only sold west of the Mississippi... Now I could care less...