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November 11, 2010 6:00 am Published by

Ain’t no money in the heart of CITI
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Image by Stargazer95050
This is TOO MUCH — put an end to charging us for your mistakes & fat bonuses.
Fortunately, I bought my "C" stocks at less than .00 so it now is time to dump them (@.50). If I quit CITI, I’m sure I’m not the only one they drive away ….

Thus I’m downgrading the rating to SELL from HOLD. And given the runup, I think itis overdue for some profit taking :-))

If I bet the farm on the wrong horse — I loose and end up on the street. Hard but only fair.
You gambled with more money than you actually had — and lost. And you still sit in your comfy office chairs !! You should be rotting in hell instead or at least be out on the street.

An interesting read The Size of Derivatives Bubble = 0K Per Person on Planet — apparently no one ever questioned this before :
1,144 trillion dollars in terms of outstanding derivatives,

1. The entire GDP of the US is about USD 14 trillion.

2. The entire US money supply is also about USD 15 trillion.

3. The GDP of the entire world is USD 50 trillion. USD 1,144 trillion is 22 times the GDP of the whole world.

4. The real estate of the entire world is valued at about USD 75 trillion.

5. The world stock and bond markets are valued at about USD 100 trillion.

6. The population of the whole planet is about 6 billion people. So the derivatives market alone represents about USD 190,000 per person on the planet.

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