Citigroup (C) and Bank of America (BAC) are both trading at less than 90% of their peak value, and for several good reasons, not least of which is the possibility than on any given Monday, shareholders may find themselves holding worthless shares. An article this weekend in Barron’s (“Banking’s Evil Twins? Not Exactly“) claims that BAC is the stronger of the two, and that it may thrive where C doesn’t. However, it’s not at all clear from…
Saturday, September 20, 2008
Each week, Barron’s publishes something called the “Citigroup Panic/Euphoria Model.” Long worthy of derision, this particular metric looked most ridiculous back in October 2007 when, just as equity markets were topping, the Citigroup model just barely – finally – drifted up from the “panic” zone to give a neutral reading of zero. Starting in January 2008, the model began to register more dramatic swings, and we noted back in April that since the model seemed to have been significantly…
Monday, April 28, 2008
This week should be pretty volatile, with plenty of government data, earnings announcements, and Fed action to push markets to and fro. Many traders are paying special attention to the GDP announcement Wednesday morning and the FOMC news later that afternoon. As is our wont, we advise taking off some risk ahead of Fed meetings. Markets were very quiet until the last forty-five minutes today, trading on very light volume, and the S&P 500 emini futures weren’t able to…
Monday, March 9, 2009
Comments Off