If big bad Goldman says to sell C, why would anyone think they are wrong? This is a SELL rating. How often do you see a SELL rating from a big bad firm like Goldman on a MAJOR firm like Citi? Clearly there is NO upside here. Soooooo, that must mean it can only go sideways or down.
Did you listen to GS; when it said to buy financial in last May? GS is probably buying up C right now;
Cause this whole market is like having crazy mood swings up 200 points one day and down 360 the next day...
http://finance.yahoo.com/q/op?s=C The above from this past Friday and now news is out that over the weekend a rescue plan is being considered.