August 8, 2008
Writedown low is a floor, cycles continue...
Analysis of:
Wall Street braced for further $11bn writedown at Citigroup | business.timesonline.co.uk
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: a) markets self correct b) yes all sorts of pain occurs c) the cycle continues... lows become floors and investors flood in
Analysis: Today (Friday, 4/18/2008), Wall Street proves again; that the investment cycle continues.
Gravity took hold the trailing 52 weeks - plenty of write-downs - Today, investor sentiment has returned to the select financials including Citigroup.
If the floor has finally been hit... it's upwards from here.
Analysis: Today (Friday, 4/18/2008), Wall Street proves again; that the investment cycle continues.
Gravity took hold the trailing 52 weeks - plenty of write-downs - Today, investor sentiment has returned to the select financials including Citigroup.
If the floor has finally been hit... it's upwards from here.
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