Citi.....Its going DOWN!

[Mega]

http://www.ifaonline.co.uk/public/sh...ml?page=701695

Can't see the making it now, 1ST US BANK to go?
Mike

[sadsack]

Re: Citi.....Its going DOWN!

It would appear on the surface that Citi would rather risk the ire of hedge funds in an attempt to preserve capital, than pursue a much more costly route such as upping the rates on cash deposits . . .

[rj1]

Re: Citi.....Its going DOWN!

http://news.yahoo.com/s/nm/20080219/...ibank_japan_dc

They have sold their Japanese headquarters to Morgan Stanley for $445 million.

http://www.reuters.com/article/topNe...53613520080115

And may sell a Brazilian credit card unit for $616 million.

[FRED]

Re: Citi.....Its going DOWN!

http://news.yahoo.com/s/nm/20080219/...ibank_japan_dc

They have sold their Japanese headquarters to Morgan Stanley for $445 million.

http://www.reuters.com/article/topNe...53613520080115

And may sell a Brazilian credit card unit for $616 million.

A friend with a relative in Asia who's worked for Citi for 18 years told us the relative told them recently: "Twenty gamblers ruined a great company and put 100,000 people out of work. What a tragedy."

You can be the judge of what they meant by that.

[Slimprofits]

Re: Citi.....Its going DOWN!

http://news.yahoo.com/s/nm/20080219/...ibank_japan_dc

They have sold their Japanese headquarters to Morgan Stanley for $445 million.

http://www.reuters.com/article/topNe...53613520080115

And may sell a Brazilian credit card unit for $616 million.

From Bloomberg:

Citigroup is also considering selling about 50 consumer- finance branches after cutting that network in half last year to reduce costs, the Journal reported.....

[touchring]

Re: Citi.....Its going DOWN!

A friend with a relative in Asia who's worked for Citi for 18 years told us the relative told them recently: "Twenty gamblers ruined a great company and put 100,000 people out of work. What a tragedy."

You can be the judge of what they meant by that.

Is citi laying off 100,000 people? Or are they just selling off their units?

[Jim Nickerson]

Re: Citi.....Its going DOWN!

A friend with a relative in Asia who's worked for Citi for 18 years told us the relative told them recently: "Twenty gamblers ruined a great company and put 100,000 people out of work. What a tragedy."

You can be the judge of what they meant by that.

FRED, as well as I can count, your post would make it fourth-hand to us, now if that is not the epitome of gossip, what is?

[rj1]

Re: Citi.....Its going DOWN!

FRED, as well as I can count, your post would make it fourth-hand to us, now if that is not the epitome of gossip, what is?

The Kevin Bacon Rule of Six?

[metalman]

Re: Citi.....Its going DOWN!

The Kevin Bacon Rule of Six?

looks like i'm the unofficial explainer of things itulip!

as readers we want to know the source's name and perhaps a phone number and email address! from the source's position they prefer itulip say nothing to connect them with the info. itulip's job is to strike a balance.

but we're all missing something... there's a reason why ej is also in harper's, gets interviewed, gives keynotes at investor events, a panelist and so on... itulip is a trusted source. well, so is ben stein to some, so that alone isn't enough.

my take: itulip rarely shares info like this so when they do i tend to pay attention. this person quoted appears to believe that citi as an institution is in trouble. don't know if i'll short them or what... i'm scared to short specific companies because of bailout risk... with my luck i'll go short just as citi gets big $$$ from the gov't. prefer to use the indexes as ej showed in dec. 07.

[Jim Nickerson]

Re: Citi.....Its going DOWN!

looks like i'm the unofficial explainer of things itulip!

as readers we want to know the source's name and perhaps a phone number and email address! from the source's position they prefer itulip say nothing to connect them with the info. itulip's job is to strike a balance.

but we're all missing something... there's a reason why ej is also in harper's, gets interviewed, gives keynotes at investor events, a panelist and so on... itulip is a trusted source. well, so is ben stein to some, so that alone isn't enough.

my take: itulip rarely shares info like this so when they do i tend to pay attention. this person quoted appears to believe that citi as an institution is in trouble. don't know if i'll short them or what... i'm scared to short specific companies because of bailout risk... with my luck i'll go short just as citi gets big $$$ from the gov't. prefer to use the indexes as ej showed in dec. 07.

Mr. "unofficial explainer," just what did you explain here regarding Kevin Bacon's Rule of Six? Or for the matter, what did you explain period?

[metalman]

Re: Citi.....Its going DOWN!

Mr. "unofficial explainer," just what did you explain here regarding Kevin Bacon's Rule of Six? Or for the matter, what did you explain period?

i give not two stinky shits about the rule of six... don't even know what it is. who cares?

why are you so thick? your reaction is always the same to hints and outright calls. ej says "time to short" and "bear market starts now" and you say "what do you mean"? you want "short this and buy that". this site is for adults who take the good info here and make their own decisions.

some day ej will say, "i'm selling gold" and you know what i'll do, i'll sell at least some of it but later wish i'd sold all of it. i know me!

what will you do?

[BiscayneSunrise]

Re: Citi.....Its going DOWN!

Jim, Sorry to say, I'm with metalman on this one. iTulip & EJ offer great, reliable info. I forgive them for a little editorial license occasionally. Actually, quite appreciate the insight and trust their instinct to pass on hearsay.

As for the future of Citi; this past November, I was at keynote given by Louis Navellier, who is about as mainstream as they come. Even back then, Louis was predicting the demise of Citi, partly because someone would have to take the fall for the sub prime mess and when the torch and pitchfork crowd comes out, Citi will do just fine as the fall guy.

My wife, a former Citi exec, is already mourning their downfall. If, and when it does come it will be similar to the demise of Pan Am. The loss of a great American icon.

[Jim Nickerson]

Re: Citi.....Its going DOWN!

i give not two stinky shits about the rule of six... don't even know what it is. who cares?

why are you so thick? your reaction is always the same to hints and outright calls. ej says "time to short" and "bear market starts now" and you say "what do you mean"? you want "short this and buy that". this site is for adults who take the good info here and make their own decisions.

some day ej will say, "i'm selling gold" and you know what i'll do, i'll sell at least some of it but later wish i'd sold all of it. i know me!

what will you do?

Why do you choose to write so poorly? Surely you are better educated than you write, metalman, or at least I presume that is a safe call.

Thinking back on the last 10-15 years, I have only known of EJ for coming up on two of them. I have made money and lost money, and none of my investment decisions (with one brief exception of about 4-6 months) have rested solely upon the thinking of any other single individual and that would include EJ, though certainly his expression of his thoughts have influenced my thinking in some way.

I can tell you that I am not waiting on EJ to tell me anything about when I should buy or sell anything. If I stay alive at some point I will take my profits/losses in my positions based on where I think they are headed next.

Whatever I am, I try hard not to be a lemming.

[Jim Nickerson]

Re: Citi.....Its going DOWN!

Jim, Sorry to say, I'm with metalman on this one. iTulip & EJ offer great, reliable info. I forgive them for a little editorial license occasionally. Actually, quite appreciate the insight and trust their instinct to pass on hearsay.

As for the future of Citi; this past November, I was at keynote given by Louis Navellier, who is about as mainstream as they come. Even back then, Louis was predicting the demise of Citi, partly because someone would have to take the fall for the sub prime mess and when the torch and pitchfork crowd comes out, Citi will do just fine as the fall guy.

My wife, a former Citi exec, is already mourning their downfall. If, and when it does come it will be similar to the demise of Pan Am. The loss of a great American icon.

I think my original comment had to do with questioning "gossip." Nothing else. I took no position on where Citi may or may not end up.

[metalman]

Re: Citi.....Its going DOWN!

I think my original comment had to do with questioning "gossip." Nothing else. I took no position on where Citi may or may not end up.

my point which you are missing is consider the source... gossip is if you or i say it. more than gossip if itulip says it. the opposite is true if the imf says it and they're rumoring about gold. it's a lie if ben stein says it. etc.