Nov. 27 (Bloomberg) -- Citigroup Inc., the biggest U.S. bank by assets, will receive a $7.5 billion cash infusion from Abu Dhabi to replenish capital after record mortgage losses wiped out almost half its market value.
Now if someone could come and help some of the folks who took out these lousy loans, we might actually get out of this mess.
Watch ES 1417.50 resistance, but above all bonds. We have seen many of these rallies fail before, so there will be nervous traders.
The one concern is the action in GOOG. It closed the early November gap at 693 and promptly retreated. Bulls want to see it get abck above 676 and stay there.
Now if someone could come and help some of the folks who took out these lousy loans, we might actually get out of this mess.
Watch ES 1417.50 resistance, but above all bonds. We have seen many of these rallies fail before, so there will be nervous traders.
The one concern is the action in GOOG. It closed the early November gap at 693 and promptly retreated. Bulls want to see it get abck above 676 and stay there.
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on Tuesday, November 27, 2007 at 11/27/2007 08:25:00 AM.
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