*a friend of mine told me tonight that she wanted to read more of what I had to say. So as I was scanning the usual suspects I came upon this delightful chart. The funny thing is that today I was second guessing my decision to sell out of Citigroup. You see, after two days of lower highs I just couldn't sit with it any longer. I was convinced that I would get another chance to either buy it again lower, or after the bank stress tests results come out next month, Citigroup would be declared insolvent and finally be put to rest along side AIG. But then the market closes higher and the futures are still up after 10PM, and I wonder if I am just a dingbat. So I look for some validation and lo and behold, I come across this chart. And I think to myself, "self, are you nuts?" How could I doubt what my instincts have been telling me all along, that the crisis is so far from over and until the "smarter guys in the room," realize that they cannot fix this without letting it get down to the bottom, the sooner I can get a good night sleep. But what the heck. Who needs sleep right??
Bet she's sorry now...
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