Chris Lau - Seeking Alpha

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Friday, November 21, 2008

Is Citigroup Going Bankrupt?

Citigroup stock is trading very similarly to Bear Sterns. The market is rightfully concerned that the bank's asset/capital ratio is too high. It is running out of cash. Expect the stock to have a number of small but massive rallies. Longer term, the market is telling us that this bank will need to be rescued or merged with another.



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