Wednesday, November 19, 2008

Citi's Gone, Time To Move On
It's been a slow death, but let's face it, Citigroup is done. The sell pressure on its stock is too great. The culmination of its death spiral needs to happen fast because it's dragging down the entire market. The market has been anticipating Citi's death for weeks so there is no need for a Captain Renault moment when it actually happens.

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