3/9/2010: A few months ago speculation started in “low priced stocks” SIRU,AIG,CNXT and too many more to mention. We now see the street is falling for Citigroup. Who’s next, Fannie and Freddie? This is no great suprise to us as we await the last guy to the party. He’s at the door getting to ring the bell. (1:28 pm)
March 9, 2010, Posted by ttbm at 1:27 pm
Related posts:
- 3/10/2010: We can hear the bell ringing…Citi yesterday. Today with Fannie, Freddie and Ms Whitney chiming in. It’s only a matter of time before the final bell tolls. We are closer than you think. (3:40pm)
- 3/29/2010: The Treasury plans to sell 7.7 billion Citigroup shares in 2010. As part of a “pre-arranged” trading plan. In our view the Plan is clear the “Bell” is still ringing. (12:40 pm).
- 3/18/2010: Late day thoughts… Steve Grasso on the floor of the exchange on fast money said, “Don’t keep waiting for the correction”. Can we say, ring that bell? We see the psychology shifting to the side of complacency. A little more “time” is all we need for a market top. Be cautious. (6:10 pm)
- 3/25/2010: The final Horseman is out of the barn…AMZN is finally playing catch up. We anticipated this a few weeks ago. But we have one problem, most of the other horseman have been under-performing also. The “Bell is starting to Ring” on the ranch. (10:59 am)
- 4/21/2010: Art Cashin, a very smart man and a skeptic of a rising market for months, is now saying the underlying technical condition of the market is improving. Here we see yet another Bear turn Bullish, but only after a more than 70% move in the SPX from a year ago. That’s what we call being late to the party. And as we continue to hold our contrarian point of view (e.g. most every pundit is Bearish the bond while we remain Bullish) we continue to exercise caution and maintain strict balance in our holdings. (10:00AM)
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