Friday, February 27, 2009

A lot of people won't be having a good weekend

Economy contracted 6.7% in 2008. Citi is converting preferred stocks to common stocks, which means they are still short on cash.
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1 comment:

Anonymous said...

I have a running bet... subconsciously people are expecting the worst... therefore it will come to pass that we'll have a rough 10 months ahead of us. Self fulfilling prophecies based on irrational human fears and errors.

The Dow will bottom above 5500. At that point we'll be heading toward recovery. So far it looks like I'm going to win my bet.

Glad I closed my 401k in October 07. Even with penalties I still have my money. If you know were to look, the information is out there about the crap comping down the line.

March 2, 2009 at 12:27 AM

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