Citi's huge. But forecast low is not bad ($30.00). Not a disaster. Trouble is.. these things grow and spread. Then the pundits revise their foreacasts.
Wait till 3:59, buy the close and go long into tomorrow's job numbers. Numbers will probably be good since last report sucked. I look to be picking up some DDM at $93.75
I went long a little bit on this dip, sold some TWM this morning and took that money and went long some ETFS when the DOW was down around 250.
I was off today. markets kept tanking BUT I am fully confident it will reboud later The only thing that could possibly pause this rally is if the fed begins raising rates. Given the citi news and so called 'credit crunch' news another cut looks like a strong possibility. The fed can cut all the way to 3 or lower if they need to.
Yes, perhaps he should replace the S&P screen with one from Pichunter. He may find better use of that hand of his there.