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What Works on Dalal Street

"It is far better to foresee even without certainty than not to foresee at all." --Henri Poincare

Sunday, February 22, 2009

Citi = State Bank of America

U.S. Eyes Large Stake in Citi (WSJ)

My Comments: Carnage in financial stocks will continue. I think the November market lows will be conclusively broken in the times ahead. The market is not going to believe anything bank CEOs will say about capital adequacy. I maintain that nationalization is a good thing for the short-term.
Posted by Econlogic at 6:40 PM

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      • DOW Broke November Lows: I Am Buying S&P Hedged fo...
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