Abu Dhabi Invests $7.5 Billion in Citigroup

[Biog]

http://online.wsj.com/article/SB119613039399104832.html?mod=googlenews_wsj

 

[TheDarkness]

I swear I could almost hear the flushing sound.

 

[Rearden Metal]

I wonder if that's why the futures just popped up like a balloon underwater. I can't find any other reason.

 

[bgp]

it will help short term ,but long term ? what about off balance sheet ?

bgp

 

[riskymove]

yes that's it - happened right when announced - makes them one of the largest shareholders I believe - larger than the Saudi prince

 

[Anekdoten]

Definitely the C story

News wire says that story hit at 10:04 Eastern which agrees with the move start.

Anek

 

[sobemark]

Quote from riskymove:

yes that's it - happened right when announced - makes them one of the largest shareholders I believe - larger than the Saudi prince

yeah ... similar market action to when BOA invested in CFC ...short term squeeze then back down ...

 

[bgp]

it is. all our countries problems are over, just like that.

bgp

 

[cstfx]

Quote from Rearden Metal:

I wonder if that's why the futures just popped up like a balloon underwater. I can't find any other reason.

That's it. It just blew out my short AUSUSD trade. Even Asian equities popped on that news.

 

[Anekdoten]

I'm surprised how tight this info was as C closed at 29.75 and AH took it only to 29.80.

Anek