Quote:
Originally Posted by wouwou
This morning I was like WTF??!! when I checked the stocks on Itouch
I thought it was malfunctioning lol
I guess cutting 9k jobs and reporting 5 Billions of loss puts Citi back to "healthy" status.
I am still feeling upset as to the stock price raising 
I have been feeling down despite I know I did the right thing by existing @ 24.1 yesterday. It's my greed getting to me |
Citi going up because analysts lowered Citi's estimate couple months ago. Their estimate was way too low. If you look at the 'big picture', the whole bank sector is really bad. Banks are scrambling to raise billions of dollars to cover their bad debts, and lots of jobs are being cut.
When the Fed announce the new data for initial jobless claims in the coming weeks. I won't be surprised that we will see a huge spike in those numbers.
US economy still bad and it's not getting any better yet. Sell into the rally and buyback when the market drops.