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.

2 comments:

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.