Robert Freedland

Citigroup: Trading Transparency

Veni....

After yesterday's humongous move to the upside....after Thursday's....I feel about as comfortable with the market as Cramer. I heard him advising people to sell a bit.

The market is being driven now by the short-sellers and Hedge Funds who like sharks have been taking down financials one by one and now the Fed and the U.S. Government which is intervening as well.

I am having a hard time knowing what is 'fair value' any more.

I guess that is why I am back to my usual portfolio management strategy and not jumping in whole hog.