Nationalization, funny how the communists, socialists and the rest of the worlds capitalistic bad guys are critisized for controlling their markets and exploiting their citizens. Shame on them.
It is intresting to take a look at this bear market compred to the previous. Not that past performance is indicitave of future performance….especially when there is social unrest and an inability to have good safe borders. We all know the Canadian side is fine.
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Saturday, February 28, 2009
Day trading S&P 500 and Citi bank not nationalized, majority ruled
Citibank 1.6 billion Shares traded. This is a capitulation, the death throw of a corporation.Well, we aren’t going to nationalize it but the Treasury will take 75% stake in Citibank knocking the investors value out the window.
Taking common equity. This basically gives us a value of 0 for the common stock. Preffered stock has no dividends, it is over.
Old Soviet Union is jealous.
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S&P 500 day trading course live room emini futures education coach levels of support and resistance for, Http://www.tradingonlinemadeEasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.
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