citigroup stock accounted for 20% of all volume today

[chad]

good lord :oo-->

http://www.zerohedge.com/article/citi-accounts-20-total-market-volume#comments

One stock, a company which is effectively bankrupt absent the government's support and the FASB's suspension of Rule 157, now accounts for 20% of total market volume. At last check, Citigroup had traded 1.6 billion shares, one fifth of total market volume. Why does anyone still fool themselves that the market is indicative of the total universe of stocks. We are confident that if we add Goldman, BofA and the other financials, especially their penny stock variants, we would get something like 40% of all volume. This is the sector which as we have repeatedly reported has seen short recalls by assorted custodian entities and repo desks.And as we type, Dick Bove is on CNBC providing the instacommentary he had previously banned himself from doing before, and confirming what we have been saying all along - that Goldman Sachs is a Buy only because it is a monopoly.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/paulson/C%20PV%204.19_0.jpg

[mick silver]

we the tax payers keep there stocks up ... thanks mr gov

[chad]

it's unbelievable! up 61 points today on "goldman shares rising." the same goldman who 48 hours was fucking it's clients over. amazing. i think if news came out that the entire western seaboard had been nuked, it would go up 300 points.

i watch cnbc in LITERAL amazement. they just ignore anything that doesn't signal "buy stocks!" it' s an amazing work of propaganda, really.

[mick silver]

any thing we knew as a good is now bad ... i just dont trust anyone or anything any more if it comes to a company ... but we are seeing who own this country now ... the light just keeps getting brighter

[Book]

http://consumerist.com/images/consumerist/stills/Cramer_didnt_want_to_say.flv.jpg

The man behind the curtain must have gone to take a leak and his ten year-old kid is at the controls at the moment.

:oo-->

[Horn]

Is there a CITI Bank branch of Baghdad yet?

[oldmansmith]

I will never own another stock. Ever. Make them irrelevant.

[Horn]

Is there a CITI Bank branch of Baghdad yet?



Apparently there is...

Citi Unit Grows -- With Feds' Help



Embassy officials also arranged a partnership between Citigroup and an Iraqi lender, Al Warka Bank, that enabled GTS to make payments outside the fortified Green Zone in Baghdad. U.S. officials hope that in the long run, Citigroup's presence will help lure international capital back to Iraq.

http://online.wsj.com/article/SB126317001431624045.html

There ya go, I think they recently turned this logo in because it too closely followed the video game Resident Evil's fictional "Umbrella Corporation". 8)

[1970 Silver Art]

The market is just plain crazy IMO. There seems to be no rhyme or reason on why it goes up or down. I would have expected the U.S. markets to be way down today on the Goldman mess since the Asian and the European markets were down.

[gunDriller]

good lord :oo-->http://www.zerohedge.com/sites/default/files/images/user5/imageroot/paulson/C%20PV%204.19_0.jpg

all those clever New York and London and San Francisco bankers playing all their clever banker games.

[sunshine05]

That is just amazing. I expected a big dip in stocks today too. :conf:

[YukonCornelius]

Two things to note here IMO.

1) Insider trading

2) Federal money pumped into the market to make money (IDK who, Federal Reserve, offshore accounts, etc.)

[VX1]

There ya go, I think they recently turned this logo in because it too closely followed the video game Resident Evil's fictional "Umbrella Corporation". 8)



They spent an ungodly amount of money to change their logo to just "Citi" too, got their bailout money, bought up the Spanish toll roads (while Spain bought up toll roads in Texas), got more bailout money, bought up their own stock, then MSM reported they paid back their bailout money, but glossed over the fact that they were granted tax exemptions equalling more than the bailout amount... global criminals of the highest order.

[gunDriller]

the stock market has had some real interesting statistics lately.

the ratio of insider selling to insider buying is close to infinity. they're all selling.

also, i've never heard the radio stock pimps like Ric Edelman -

http://www.ricedelman.com/

push stocks like they are now. "what will you tell your grandchildren in 20 years when the Dow is at 60,000. why would you want to miss out on double digit annual growth for 20 years."

it's too bad radio DJ's can't be sued for malpractice.

on the other hand, rope is cheaper than lawyers.

[FreeEnergy]

this is great, more info needed?

goldman sachs is a monopoly - wait, wait, monopoly where? what about BofA, jp morgan and citi

isn't citi = rockfellers?

[General of Darkness]

Last year I made a 300% profit on BofA from about April to about August. I was considering Citi back in Dec, I'm bummed I didn't get a 1,000 shares, I think it was a single fiat at the time.

[Horn]

So what if that volume isn't there tomorrow?

There's no way you can blame the S.E.C. ruling..