ZombieGroup
I am not long or short Citigroup, or any financial ETF’s, but I find the chart amusing:
Citi is up huge this week, yet all of the candles on its chart are red indicating constant selling pressure. How does it do that? All of its gains have been made on opening gaps. Once the stock is open, the selling resumes. I’m thinking that somebody big does not want to be in the stock. Mutual funds are probably exiting it.
Citi’s crazy chart seems appropriate for the premier zombie corporation leading America into its very own, Japanese-style Lost Decade.
