The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (44107)	1/17/2012 8:12:44 PM
From: John	Read Replies (2) of 71475

It looks like the negative reaction that I mentioned was in response to Citigroup's news. finance.yahoo.com excerpt: Stocks advanced on Tuesday, pushing the S&P 500 to its highest since early August, but sharply pared gains late in the session as Citigroup's steep drop in profit gave investors a reason to unload bank shares. The financial sector, which has outperformed the broader market so far this year, took a hit on investors' disappointment with Citigroup Inc's (NYSE:C - News) earnings. Citigroup's stock slid 8.1 percent to $28.25 after it reported weaker-than-expected earnings.The KBW Banks Index lost 1.4 percent. Through Friday, the KBW Banks Index was up about 10 percent for the year, while the S&P 500 was about 2 percent higher. The banks' sell-off splashed cold water on a rally that drove the S&P 500 through 1,300 for the first time since August.

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