Daily Market Commentary for January 26, 2009 from Millennium-Traders. ComLaugh of the Day: Citigroup is proceeding with the purchase of a $50M Dassault Falcon 7X corporate Jet even after receiving TARP funds. (read more)http://www. millennium-traders. com/news/newscommentary. aspxEconomic data released today:Existing Home Sales:U. S. December Existing Home Sales rose 6. 5% to 4. 74 [...]
Continue reading...Monday, November 24, 2008
News reports all over claim that the government has apparently approved a $20,000,000,000,000 (20Billion$) to keep Citigroup’s head above water. I’m assuming news like this should raise the price of Citigroup’s stock? Let’s see how investors react in about 15 minutes or so. Other information regarding this situation: Everyone is saying if the US Government were to [...]
Continue reading...Monday, November 17, 2008
Well, I got up a little early and was absolutely shocked to see this news report: Citigroup want’s to cut back on its workforce by 53,000 employees! As if our employment numbers weren’t crappy enough, another 53,000 people need to be thrown back into trying to find a job and going through that whole process [...]
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Monday, December 7, 2009
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