Tuesday, March 10, 2009

Citigroup's Profit

Mostly I don't comment on stupid news, but this one takes the cake. Sometimes the news can rise to a level of idiocy that falls under the category of genius, and today we are hearing such a thing. Stock markets are rallying and the dollar is falling after Citigroup's CEO announced they turned a profit in the first quarter of 2009. This, after they received untold billions in bailout money, and their stock [C] has been trading around a dollar.

Get dollars now and sell your stock while you still can.


East.Bay.Miser said...

You've been prescient for awhile. ("...heavily invested in the dollar.)

SF Mechanist said...

Thx, knock on wood. No regrets yet.