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Answers I Really Wanna Know: Is Citi Signaling a Turnaround?

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After Citi's report, it's off merely fifty cents near the open?

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  • So, Citigroup (C) reports the biggest loss in its 196 year history, cut its dividend 41%, slashed 4200 jobs and was forced to accept $14.5 billion in outside capital?

  • And the stock is off a mere fitty cents in pre-market trading?

  • Is that a telltale sign that Bonnie is waiting in the wings on Turnaround Tuesday?

  • While the Citigroup quarter was fuuuuuuuuuugly, will LIBOR save the day?

  • If and when Snapper shows, will you remember to keep it in perspective?

  • Will anything less than a 75 bip snip be viewed as a disappointment?

  • After all, while we've seen north of $100 billion in sub-prime mortgage related write-downs, doesn't the other side of zero percent financing await?

  • Do you know how much credit card and auto loan debt out there?

  • Gerbil fur?

  • Hey, did anyone notice that, in addition to the Government of Singapore, the Kuwait Investment Authority and other investors, former CEO Sandy Weill took down some of the Citigroup convertible preferred offering?

  • While the FDA approval of Tyrabri (Crohn's disease) certainly helps Elan (ELN), won't the (expected) June ruling of the Alzheimer's drug make or break the stock?

  • Is it me or has Fidelity been mighty quiet for a long time?

  • What's love got to do with it?

  • Has the loud and proactive Federal Reserve conditioned the most fervent bears to cover and, in some cases, trade from the long side?

  • Can the Bolts compete without L.T. and Rivers?

  • Can they compete with L.T. and Rivers?

  • Is VXO 25 a massive red flag or "the other side of liquidity?"

  • Given the action in commodities, why hasn't the PowerShares Water Resources (PHO) (water) acted better?

  • What weighs more, a ton of feathers or a ton of bricks?

  • Who's this LOGIN guy and why is he on my computer every day?

  • Is Apple (AAPL) the tech tell into MacWorld?

  • Does anyone remember the fervent arguments way back when that the real estate holdings alone vastly undervalued Sears Holding (SHLD) and K-Mart?

  • That sword swings both ways, eh?

  • Has the dollar dandruff started to flake?

  • Have you checked out MinyanLand, our massive multiplayer online game that will teach millions of children the virtues of earning, spending, saving and giving?

  • Isn't that right up Ruby's alley?

  • Did you see the tricky Nikkei close below 14,000 for the first time in two years?

  • Anyone wanna read up on Level III accounting?

  • In terms of the denial-migration-panic continuum, where are we in terms of recession acceptance?

  • How about from a trading perspective?

  • Do you understand that those are two different conversations?

  • Is it bad that I'm still pissed at the Patriots for stealing my Raiders' AFC championship?

  • Does anyone else think that Hoofy and Boo should be running mates in the 2008 presidential election?


R.P.

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Position in ELN

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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