Tuesday, January 15, 2008

Citigroup: Net Loss of $9.83 Billion & $22 Billion In Writedowns

And then it trades higher...

Oh good. Back to reality.

NOTE: C also cut its quarterly dividend 40%.


HPT said...

I predict the market is going to be a real chop fest today. obviously, keep a close eye on financials for market direction today.

Dinosaur Trader said...

Good call. It's been pretty choppy out there. After 10:30 we've been pretty directionless.

I'm hopping for an afternoon pop upwards to spice things up.