What is the Fear Among Citigroup Sellers? ~ The Risk Averse Alert

Thursday, August 06, 2009

What is the Fear Among Citigroup Sellers?

Let's see... Mark Hulbert reports a measure of bullishness not seen for two years and right on cue the Shempster recommends Citigroup (NYSE:C).


company chart (C)

Okay. Spitty has only a $6 target. But to make some bullish case for buying this stock, arguing a turn-around story: a call on economic growth worldwide? Oh boy.

As a trade (much like BAC at $3), maybe there's money to be made. Then again, maybe not. To wit, what's up with all the volume in Citigroup recently? Who's selling in fear? Is the bank's collapse imminent? This sure would dovetail nicely with a broad-based stock market collapse whose culmination could be very near.

Fast Money
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