Thats the word for my blog today. BUY CITI shares under $ 31 if you can get them. Foreigners are buying a part of it at this level- someone saw a bottom for CITI under 30 ... and decided to invest 7 +billion... dollars in Citi. Its no secret- it was Abu Dhabi Investment Authority that made the move. Whats more, its likely to invest more funds in distressed sectors- real estate, banks and the like. I guess they are talkin of a distressed nation- USA.
On a lighter vein, Pulte Homes is reaffirming its numbers. Companies in the distressed sector are comin out and commenting. Makes for a short term bottom. KBH at 20 looks good for a bounce if nothing else.
Lets vote for a bottom if Citi news is good enough... sentiment can change to positive at these sensitive levels. The markets have corrected 10% that is healthy and hope it makes us wealthy.
Stay tuned. Opening bell is next... this tuesday morning. Futures were up across the board cautiously I should say. I see the bull comin our way again...
Lets shut up about recession- to be or not to be- and all will be taken care of. Watching for a triple digit rally- and we take it from there tomorrow.
This blog is in honor of CITI - GROUP- the stock that ran under $30 for the first time in 5 years- maybe a decade... check it out. Its worth much more- if they break up the company- that would be a windfall. Meanwhile sufficeth that some foreign investor- found it worthwhile to pull the trigger while all and sundry were downgrading and downplaying the financials out here- except us at Monasmadmarket. Feels solitary with no one commenting. Wish someone would write in response to my blog.
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