Seems as though Citigroup had a hand in the accounting deception play on the American public by Enron. This news would normally disturb me jsut because they are one of, if not the biggest banks in the world. And they also happen to be the #1 client of the company I contract for.
It’s amazing how much more you pay attention to a situation when there’s even the slimest of chances that it will affect your livelyhood.
And in related news, it’s anyone’s guess as to when the markets are going to bottom out, and the ecenomic fear is startign to spread world-wide. Maybe it’s a good thing I haven’t had enough cash to get into the stock market.
Update: Citigroup’s explanation of their dealing with Enron.
Tags: Business
Actually, now is probably the best time to get into the market. It may go as low as 6,500 but It will bounce back, when it does you’ll have bought low. I wish I had money to invest now.
I was more relieved that I didn’t have anything invested before this slide happened, but I almost agree with your buy recommendation.
I have this strange feeling that the bottom is still another month or so away. Granted, I don’t think it’s too far from the floor right now.
My guess for the DOW is around 7,400. A quarter bet (that’s right; 25 cents baby!) says I’m right — any takers? ^_^