Ugly Charts of the Day: Google and Citigroup

Two big US companies had rough days today, breaking through key levels that would have seemed unfathomable just a year or two ago.  Google (GOOG) was down $20.46 and broke through $300 to close at $291, while Citigroup (C) broke below the $10 mark to close at $9.64.  Citi hasn't been under $10 since September 1996.

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Comments

[wagnermr14:]

So, this is all evident but what does it mean? Failing to see the point of the post aside from pointing out the obvious.

2008 Nov 13 12:08 AM

[investor88:]

These blue chips [?] Google and Citi might be halved from present levels before the true bottom is reached, just a guess looking at the dismal state of the economy now.

2008 Nov 13 05:12 AM