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  • Barron's Calls a Bottom [View article]
    " a Citigroup economist's 2009 earnings estimate for S&P 500 components puts their collective P/E ratio at more than 13, which is where a bunch of bear markets bottomed - except 1974, '82 and '87 when P/E went as low as 8.5. If we get down to 10, S&P could fall another 25% to 500 and DJIA around 5,000. But that probably won't happen, because in previous downturns Treasury yields were much higher, and because another Citigroup analyst says he's seeing signs of panic."

    Wow, so two Citigroup analysists are obviously better than one, so it must be right! The fact two Citi analysts claim they see something happenning should be twice a warning of the opposite occurring.

    Who would listen to these clowns given their stock price?

    Joke, "how many Citi analysts dose it take to change a light bulb?, none because they cant afford the power bill!"
    Mar 09 05:04 am |Rating: +8 -1 |Link to Comment
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