Citigroup is trading at US97ยข/share. Citigroup is now a penny stock. (Off its high of US$57.) Yow. And the Wall Street Journal is reporting that Moody's has downgraded Citigroup's SIVs. FDIC FRIDAY HERE WE COME!
The DJIA is a relic. Check the S&P, the NASDAQ, the other, broader indices - everybody's suffering. Retail's down, except for Wal-mart, which is up. Tech is down. Mining is down. Manufacturing's very unhappy. Financials, of course, are a world of pain, but that's been true for months. GE is back to flat after an initial bounce, btw. It's a mess.
Eh, I still don't like how the DJIA is weighted, and the divergences ... okay, I haven't actually run these numbers, it's just impression, but it seems like the divervences have been getting weirder. But that's just fuzzy-headed bullshit on my part, so.
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