Analysts See Dow Rising Sharply in 2008 [View article]
You said it! What the hell do analysts know. I'm one, and I know that in my business the situation you have is the blind leading the blind --- and praying.
Bad luck your call was so bad !!! But maybe it's not just you. Look at C's asset base --- in other words, there equity level relative to their debt --- scarry. And they are involved with many tens of billions of dollars in derivatives. Do you know what their exposure is? Nor do I --- nor does anyone else. Do you know their value --- nope --- and neither does anyone else. So what are you buying if you have no knowledge of their basic business and cannot get access to it???
Analysts See Dow Rising Sharply in 2008 [View article]
Now Is The Time To Buy Citigroup [View article]