Citigroup loses $9.83 billion in fourth quarter

You have to assume that 14.5 B buys you a hell of a lot of access for DD and that there is not only value seen but risk is accounted for. Same with CASH infusion to MER. This is cash folks not some stock swap. If we get a dip on the 8:30 numbers it could be an excellent point to go long for a rally in to expiration.
 
Quote from Bigpipn:

Wow. How in the hell can a company post these ridiculous numbers only to see their stock rise premarket?
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looks like the market finaly realized the obvious
 
Quote from Mvic:

You have to assume that 14.5 B buys you a hell of a lot of access for DD and that there is not only value seen but risk is accounted for. Same with CASH infusion to MER. This is cash folks not some stock swap. If we get a dip on the 8:30 numbers it could be an excellent point to go long for a rally in to expiration.
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Great post-- that makes sense.

9% yields on that debt though? With all this foreign capital I am convinced that rates will be kept below 6% and The Fed will inflate away all this debt. USD index to 40 in the next 2 years.

I just don't see the whole picture. We aren't going to be able to pay all this debt, these contracts aren't like NFL contracts where we can void them whenever we want.

We're going to have hundreds of billions of dollars of losses in the bond market. Where does all this leave us?
 
Quote from Bigpipn:

Great post-- that makes sense.

9% yields on that debt though? With all this foreign capital I am convinced that rates will be kept below 6% and The Fed will inflate away all this debt. USD index to 40 in the next 2 years.

I just don't see the whole picture. We aren't going to be able to pay all this debt, these contracts aren't like NFL contracts where we can void them whenever we want.

We're going to have hundreds of billions of dollars of losses in the bond market. Where does all this leave us?
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Don't necessarily disagree, just buying for a trade until Friday expiration, and we just had the dip on which to go long (with tight stops). The tame PPI AND the poor retail sales are going boost case for rate cuts and stimulus package. The markets should rally today from here.
 
Quote from Mvic:

Don't necessarily disagree, just buying for a trade until Friday expiration, and we just had the dip on which to go long (with tight stops). The tame PPI AND the poor retail sales are going boost case for rate cuts and stimulus package. The markets should rally today from here.
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A stimulus package which will include what more rate cuts, a tax refund/cut (print the difference)? So, in reality we're going to see a sideways market with massive inflation puts to keep Equities up?

Is vol maxed out?
 
Quote from kinggyppo:

Did Citi cut the dividend yet, I wouldn't touch this till they did.
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Yes. Citigroup cut its quarterly dividend to 32 cents per share from 54 cents per share.
 
Quote from ASusilovic:

Citigroup: $18.1 billion in pre-tax write-downs

Citigroup to get $12.5 billion capital injection
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Biggest loss ever for Citigroup in over 100 years.
 
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