Monday, October 1, 2007

Citi stuns investors with 60% profit warning

Business Article

Shitti Group Are Well In It !!!!!!

Posted by david smith's sub prime... @ 04:44 PM (972 views)
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6 thoughts on “Citi stuns investors with 60% profit warning

  • well.. the banks move from one “abirtrary” pricing of assets to another.

    lets see if people will wear the hand.

    unfortunately the negative feedback loop is now in effect anyway.

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  • But their stock price went up! 3% in a day.

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  • Yes. Thats because everybody now things they know the type of hole that exists.

    In reality they still have no clue.

    suckers action in the equity market since the FED bounce. They will punch themselves out before they realise what has happened.

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  • It looks like UBS may well have just decided to mark themselves down a little further …. rather than having “more exposure”.

    In reality the US investment banks are normally much more aggressive than the swiss banks on this type of stuff.

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  • Problem is the spin machine is in overdrive again, then yanks claim any bad news means a rate cut, any good news means a return to normal, hence the DOW racing up again.

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  • The worst of Sub-Prime is yet to come say Credit Suisse (see last week’s posts).

    Lets see how that feeds into job losses in the new year. Canary Wharf flats will be much cheaper after Easter, just watch!

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