Thread: US Stock Market
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Default 19th June 2008

Quote:
Originally Posted by suomynona View Post
Anyone has an opinion regarding Citigroup and Lehman Bros trading on the NYSE? (C, LEH).

LEH is scary (similar to the recent collapse of bear stearns?)
LEH - Lehman Brothers Holdings Inc. - Google Finance

But C is a giant and I think there's no way they can go bankrupt. The low stock seems a nice opportunity to make a profit.
C - Citigroup Inc. - Google Finance

Any inputs?
Actually Citigroup would have most likely gone bankrupt had it not received $7.5B funding from the Abu Dhabi Investment Authority.

I would avoid the banking sector for the next 6-12 months. It is probable that more subprime-related write-downs are going to happen over the next few quarters, and their magnitude is still very uncertain.
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