The Citibank pro-forma market cap has crossed 100 billion (approximately 25 billion shares will be outstanding following preferred converstion). Not bad for an insolvent company. C shares are up another 15% to 4.35 as the vicious squeeze continues.
The purpose of this blog is to retain an electronic diary/archive of key market moving news and events. The morning note includes my personal views on the financial markets and fundamental research pulled from newswires, Bloomberg, First Call, and other market intelligent websites and blogs. The note helps me prepare for the trading day and helps my PM position the porfolio for upcoming events and catalysts.
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