RW

Get Ready for the Last Rally

Alan, what sector do you think will be hardest hit in the long term(after the short rally and the end of the summer) and why?

Citigroup Bottoming - Plus Some Free Advice for Meredith Whitney

I agree with you but for that long of a read there are a few more points that I think should have been included. If people start defaulting on auto loans in large numbers, then credit cards will be close behind. This could drive C into the low teens, other wise I think it will bottom around 20.
I think Meredith Whitney has a little longer to ride the short and shine in the spot light. When C does hit bottom I think it will go flat for months, giving plenty of time to cover the shorts.
Disclosure: I have strangles and straddles on C, when it hits 20 then i will pull the stops in close on the puts.