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09-29-2008, 09:02 AM
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Senior Member
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Join Date: Oct 2007
1,635 posts, read 969,028 times
Reputation: 663
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Last summer when I was playing around with the stock market (before I decided to get productive and start my own business), I looked at a number of financial stocks. Citi was the only one that I actually bought. My reasoning was that I'm a happy client and should support my own bank and that it appeared to have one of the most interesting asset portfolios, especially with its diversified overseas holdings.
Looking forward to strong Citi once the greater financial mess passes!
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09-29-2008, 09:02 AM
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Senior Member
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Join Date: May 2008
Location: Jackson Heights, NY
1,675 posts, read 1,392,105 times
Reputation: 263
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R.I.P. Wachovia
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09-29-2008, 09:03 AM
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Real Estate Agent
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Join Date: Jul 2007
Location: Orlando FL
869 posts, read 869,650 times
Reputation: 277
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Yeah, I just got the news from my favorite Loan officer over there an hour or so ago. Ever since WAMU I told him Wachovia will be sold, didn't beleive me until today. Luckily it wasn't a failure (I"d hardly say they bit the dust), and really it's just business as usual as far as he's concerned. There is little if any Overlap with Citigroup here in Orlando. So the buyout will mean mostly just a signage change for much of the Wachovia business here.
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09-29-2008, 09:07 AM
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Senior Member
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Join Date: Oct 2007
Location: SoCal
316 posts, read 217,270 times
Reputation: 54
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Dow is already down over 300 Pionts and its only early
morning !
It should be an interesting day on Wall ST.
Watch out below if they star Jumpin !
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09-29-2008, 09:13 AM
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Senior Member
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Join Date: Dec 2006
Location: Somewhere in northern Alabama
4,051 posts, read 3,456,001 times
Reputation: 3129
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I just figured out where the safe haven is - invest in sign companies. Think of all the new signs being ordered.
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09-29-2008, 09:15 AM
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Real Estate Agent
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Join Date: Jul 2007
Location: Orlando FL
869 posts, read 869,650 times
Reputation: 277
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Quote:
Originally Posted by harry chickpea
I just figured out where the safe haven is - invest in sign companies. Think of all the new signs being ordered.
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LOL good call! |
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09-29-2008, 09:27 AM
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Senior Member
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Join Date: Oct 2007
Location: SoCal
316 posts, read 217,270 times
Reputation: 54
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Quote:
Originally Posted by harry chickpea
I just figured out where the safe haven is - invest in sign companies. Think of all the new signs being ordered.
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This will be the most popular one !
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09-29-2008, 09:42 AM
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Having All The Fun I Can Stand
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Join Date: Mar 2008
Location: Rhode Island
936 posts, read 599,457 times
Reputation: 898
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...and Morgan Stanley will be next. They just sold 20% of themselves to somebody or other...I'm getting dizzy and bewildered by all this...can't remember who. Does it even matter???
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09-29-2008, 09:46 AM
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Senior Member
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Join Date: Oct 2007
1,635 posts, read 969,028 times
Reputation: 663
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Quote:
Originally Posted by Nor'Eastah
Does it even matter???
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Barring a total collapse, no, it doesn't. It's just paper being pushed around by men in suits. The media likes to make things look more dramatic than they really are. |
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Citibank eats wachovia !
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