hey america

DUCK.

today is about to become the shitstorm of the year i think. every analyst here is just miserable with citi's announcement of 50K jobs being cut.

what teh fuck.

the american public really needs to get into reinvesting like yesterday. at this rate, with the expected job cuts from US auto and other manufacturing groups.... well, its gonna get really messy really quick.

factor in presidential transitioning, and the market doesnt know what it wants to do. all it knows is that rising isnot an option for a long time.

man i miss teh days of 14K in volume. things were nice. then lehman went boom and the toilet flushed.

Re: citigroup and mondays market

[quote=thesightless;677528]factor in presidential transitioning, and the market doesnt know what it wants to do. all it knows is that rising isnot an option for a long time.[/quote]

That happened today. The market kinda floundered around then went to its default move these days: drop a few hundred points minutes before the bell.

That 50,000 lost Citi jobs headline made me do a double-take earlier today. That = no good.

Re: citigroup and mondays market

[quote=thesightless;677528]public really needs to get into reinvesting like yesterday. at this rate, with the expected job cuts from US auto and other manufacturing groups.... well, its gonna get really messy really quick.[/quote] It is going to get messy, but are you suggesting that Americans should, for the good of the country, throw all their money back into equities and the like? Start trading like the old days? Not gonna happen. Come on, you know markets, fundamentals, and economic cycles...it doesn't work like that.