Crude Oil Trader

Why Dick Bove Is Wrong About Citigroup

More new shops on the way?


On Dec 18 08:41 AM Bernard Thomas wrote:

> I have intimate knowledge of Citi. It is MORE dysfunctional than
> ever. MS s buy SB and wants to talk to C about bringing over its
> retail sales and trading operations to help support the incoming
> SB brokers. C said no. MS is now hring externally, but cannot talk
> to C employees as per the terms of the JV. Managers are being told
> to rate emoloyees no higher than a three on a one to 5 scale so as
> to justify no bonuses. Employees are very demoralized. They sit at
> their desks waiting for the next shoe to drop. Management however
> has been unaffected by layoffs or cost reductions. They live in their
> own little world dricnking Kool-Aid and sneer at those wo will not
> take a sip.

Why Dick Bove Is Wrong About Citigroup

Bove and all of these financials should only be traded. The banks are fine as day trading tools but any analyst that suggest to a retail investor to "invest" in any financial institution should be brought under charges. This market will deal massive pain upon any one willing to sit on these tickers. This ponzi scheme makes Maddoff look like small potatoes. Sorry guys, back to earth!

Whitney Gets Bearish: Will She Be Right Again?

Kind of strange how her words don't seem to have the same "bite" they have in the past. What's with that?

Are Financial Stocks Preparing for 'The Fall'?

I'll keep saying it until I am blue in the face, this bear wishes we would trade 1,044 on the SP 500 and just get it over with. The return of real money and volume after Labor Day might be enough to get it done.


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Five Reasons the Market Could Crash This Fall

Great work. Drives me nuts to see people making negative comments about your revealing post. In fact, anyone who is convincing retail traders to invest for the long term right now should face some sort of legal punishment. To think there is not a major, and I do mean major correction coming is just ridiculous.

Great work, keep it up!


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Jim Rogers: It's Better To Let Financials Fail

I absolutely agree. Let them fail and send GM and Chrysler with them. Billions of dollars late of course. There is plenty of responsible banks to replace them.



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Stocks with the Largest Short Positions

I hate to see anyone buying stocks right now on fundamentals, even shorting statistics. The reason the market is trading so thin right now is that all professionals know this market is going lower. Don't buy any of these names until you see the SP 500 in the 650-680 range. We may go a lot lower then that.



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