SPDR S&P 500 (SPY)

[learningboutinv]

So I can't believe that Citibank is now $32/share. Down from $57 , it's 52 week high. I read the interview with the Prince (I think Saudi) anyhow he's pissed that the CEO said the $6 Billion write off was it and the Saudi prince asked the CEO is that all a couple times and the CEO said that's it. Anyhow you know what happened 3 weeks later which is 2 days ago. Citibank announced 8-11 billion more in write-offs. The Saudi Prince said the CEO had to go because there's no credibility even though the CEO did not want to resign. The Saudi Prince said: "How can say one thing and then 3 weeks later announce something completely different?" Anyhow I think it's insane that Citibank is trading at a P/E of 7 while Amazon is at $83 and a P/E of 96 according to Yahoo.