Citigroup Inc (C)

[research177]

Yes, this analyst writes the following this morning and C goes from 5.06 to close near 5.90 for the day.

"It is now believed that Citigroup will lose $10 billion or $1.30 per share,"
Dick Bove of Ladenburg Thalmann wrote Tuesday morning. "The consensus number
just a few days ago was a loss of [74 cents] per share."


I wish all stocks would blaze to much higher ground when they realize earnings losses are going to be near double what they had been thinking they would be. Wow! This market is a riot. It's hilarious when considering using the traditional methods of deciding whether to buy or not to buy when craziness like the past few days is becoming the norm for too many of the market's "big" stocks.



JMHO DYODD