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Non-Tech : C (Citigroup)
C 100.23+1.1%Oct 30 3:59 PM EDT
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To: sea_biscuit who wrote (219)1/14/2008 10:57:13 AM
From: Rarebird   of 259
 
<<According to Dow Underdogs strategy (www.dowunderdogs.com), C is the stock to hold for this year since it was the worst performer in 2007, declining by some 46 percent or so.>>

I would avoid C. In 2007, many investors fought tooth and nail against the idea of a contraction in credit growth, celebrating any and all signs that the credit crunch was behind us. Judging by market performance, it appears as if 2008 will see investors increasingly waking up to the realization that the credit gig is up. Leverage doesn’t rule. As that realization sets in, economic and earnings growth projections will continue to fall.

I hope I'm wrong, but my fear is that this credit contraction will be vicious, leaving in its wake a dramatic increase in the unemployment rate and a deterioration in economic conditions.

I expect Treasury Bills to continue to outperform C over the next 6 months at least.
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