So, Damn.... Citi realized that the break up value is greater than the stock value.
Instead of creating a bad bank... Citi should just buy it all...
They did move earnings up to Friday...
that means JPM in the morning, City friday, the rest on Tuesday... Some later in the week.
Interesting that JPM and C have realized that they will sell until the data comes out.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, January 14, 2009
Earnings
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