Are you kidding?
"Citi today is fundamentally a very different company from what it was only two years ago," said Vikram Pandit, Citi's Chief Executive Officer. "With its financial strength, strategic clarity, efficiency, world-class business talent, and unique global footprint, Citi is well positioned to benefit from the key drivers of economic growth in developed and emerging markets.
They remain optimistic about the rest of the years financials and righfully so after arguable the biggest financial meltdown in what 70 yrs or so, you would be cautiously optimistic about company financials too.
Financial Reports, Financial Reports, Financial Reports, need I say more!!!!!! GS I would not sell a dime of C to buy GS they are getting grilled and chilled right now and there stock will goto the dogs in the short term IMO.
Even if you have to wait a year for C to go up you will come out better leaving it in C. GS will go back up but to what in a year two? 200? 235? PPS rules here without question.
As far as the whose here to buy thing!!!!!!!
The whole world is buying C. those small investors that want to make a killing someday. 3.00 PS to 50.00 PS do the math.
All great financial institutions return back to what they were sooner or later!!!!!!!!
PPS is king with C. People you thought would never have bought financial stocks are buying this one.....you will be taking that to the bank in a few years. Just sit back relax and watch your money grow!!!!!
Just MO!!!!!
