Shit! Citi group just dropped another 20% and is under $3 right now

[TwixVoy]

Citi has dropped under $3 per share now.

Apparently CNBC earlier today was saying they may be nationalized and all the toxic debts will be moved from other banks and held at Citi.

[lonestarnot]

1. Woopsie. Bye bye!

:hi:

[The Straight Story]

2. See, Obama becomes president and our economy goes to hell! He is to blame!

:rofl:

[FormerDittoHead]

18. Yup. ...and don't forget 9/11 was Clinton's fault... n/t

[Democrats_win]

3. Hope that the toxic debts stay where they belong: on the balance sheet of the rich.

[nc4bo]

4. I'd forgotten all about the stockmarket today.....good Lord. nt

[FarCenter]

7. Down big time -- S&P down 38.90 to 811

[Virginia Dare]

5. Saudi royalty taking a bath....n/t

[Orrex]

6. Don't blame me--I paid my credit card bill on time this month

[redirish28]

8. you would think with a new President stocks would be better today.

[MindPilot]

12. I did too but then...

it occurred to me that maybe "the market" or more accurately the traders and brokers who comprise "the market" suddenly realized that the gravy train of unconstrained financial shenanigans is about to derail.

[redirish28]

13. true.... forgot about that.

[CountAllVotes]

20. the game is over

and they know it. Best to say the word SELL right now and forget about having any more illegal trading, etc. going on.

I wonder how many more Madoffs will appear in the last breaths of this blow-out of the corrupt and the rich?

GAME CHECK.

:dem:

[charlie]

14. Until yesterday

they had a president who wanted to dump truckloads of money on the banks, gratis. After today, further funds might only come with review and strings attached.

[Natalya Slosky]

16. I didn't.

Let's face it -- it's going to take a long time for Obama to turn the economy around. Things won't happen overnight. I expect things to get worse before they get better -- but, they WILL get better. Today is just the beginning.

[dysfunctional press]

9. is yesterday's close, or today's considered to be where the market 'starts' for the new potus?

i hope it's today's.

[RB TexLa]

15. It would be the numbers at 12:00 noon, today.

[xchrom]

10. not a good day on wall street -- more unemployment --

hits on different sectors -- boy it's rough out there.

[Belial]

11. Markets won't see a big upturn anytime soon..

[shintao]

17. Thanks for the tip

I dropped some apples on Citibank, and my F-Advisor told me BofA dropped to 5.+ something a share & both are spectulative at this point. I don't see either going away, so............timing is everything.

[Belial]

19. I am investing in my mattress and annuities.. until

Obamas pick for SEC commisioner comes in.. then it will have to be all mattress.. sigh

[TWiley]

21. SELL .... SELL ..... SELL

oops, too late. Looks like I will get another hosing.

Ticker Bank 1 year returns
MS Morgan Stanley -68.75%
CS Credit Suisse Group ADR -50.96%
GS Goldman Sachs Group -60.41%
GFIG GFI Group, Inc. -84.77%
AIG American International Group -97.25%
UBS UBS -68.60%
FAF First American Corporation -12.75%
BEN Franklin Resources -43.71%
MF MF Global Limited -93.52%
LM Legg Mason -69.23%
BK Bank of New York Mellon -40.33%
JNS Janus Capital Group, Inc. -75.52%
BLK Blackrock, Inc. -36.98%
ETFC E*Trade Financial Corp -67.61%
OZM Och-Ziff Capital Mgmt LLC -80.10%
ICE IntercontinentalExchange, Inc. -57.17%
PVD Provida Pension Fund Admin. -61.73%
STT State Street Corporation -50.66%
JPM J.P. Morgan Chase & Co. -25.13%
IVZ Invesco Ltd ADR 1.15% -52.79%