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Old 10-07-2008, 09:11 PM   #56
Steve_A
Project Avalon Moderator
 
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
Default Re: Dow jones -500 / -4.60% level 9865.00

Hi ctophil,

DOW closed down 878.27 ! 8.51%

Citigroup went down 12.98%

Bank of America CP got hammered, down 26.23%

JP MORGAN CHASE CO down 10.64%

By the way, the Citi story with Wells Fargo smells. Citi offered $2 a share. Wells offered $6 dolars a share - a huge difference for what was described as a failed bank. Then Citi wants to fight over the attempted sale. Tere must be more than meets the eye here. Right?

Best regards,

Steve

Quote:
Originally Posted by ctophil View Post
Are you talking about Citigroup? All they doing recently is trying to play tug-of-war with Wells Fargo and snatch Wachovia. What else is new?

-Phillip
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