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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (47173)	12/9/2008 5:01:24 AM
From: Rock_nj	Read Replies (2) of 57684

I remember hearing them talking about her on CNBC Fast Money a few months ago when Citi was in the high teens and people were talking about buying it at that point, as "it was such a great value". A couple of the Fast Money traders said Ms. Whitney was calling for further depreciation down to the single digits due to Citi's heavy exposure to speculative loans. It was hard to believe given the selloff that had already occurred and the stature of the bank. As we learned recently, things were a lot worse at Citi than many suspected. They had taken such large risks that they risked bankruptcy, then the government stepped in.

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