10000's

Do we see 10000's today??????
Only a few points away

FNM - - SUB $10

FNM is sub $10 pre market.


DANG

WHO RULES!!!

MARKETJEDI

FNM - Update

FNM and Citibank my two favorite shorts might be the worst two performing stock this year when all is said and done.

Cramer said to buy now he is ranting FNM is insolvent.

THE ONLY TRUTH IS HERE.

AWESOME CALLS ONLY WINNERS HERE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!


MARKETJEDI

AAPL

AAPL new I-phone comes out today. Look for a sell the news here on AAPL.
I would not be surprised to see AAPL much lower today into next week.
Target $10 lower $165 level

CRISIS ALL OVER

Folks not only are we having a credit crisis but a energy crisis. I suspect we are just in the beginning of both and we have much more to go. Home loans are at a complete halt, while overnight OIL went over $145. What amazes me about OIL is that @$145 we are war, hurricane and supply obstructive free. WHAT would really happen if one of these happen?? We might be up over $15 in a hurry. I know I was laughed at last year when I said Oil to $100, then I know many believed I was crazy when I said a couple weeks ago Oil to $170 but listen it will come very soon.
Futures are down although we are 3 hours from the open and I think the move on Oil is having the futures sink lower. Lets see how we react to the open. Don't be surprised if OIL touchs $147 today !!!!!!!!!!!!!

Confirmation CITIBANK is in trouble

FRANKFURT, Germany (AP) -- Citigroup will sell its German retail banking operation to France's Credit Mutuel for $7.7 billion in cash.

In a statement released Friday, Citigroup said the deal includes its Duesseldorf-based Citibank Privatkunden AG & Co. KGaA, along with some affiliates. The sale is expected to close in the fourth quarter if approved by regulators.

Citibank Germany earned 365 million euros ($573.3 million) in 2007 and had net assets of 944 million euros ($1.5 billion). Citigroup said the deal would result in a post-tax gain of $4 billion.

Credit Mutuel said the deal "affirms its European development strategy, particularly in retail banking, insurance and international financial services."

The acquisition broadens an expansion in the past decade into Belgium, Luxembourg and Switzerland.

Cooperatively owned, Credit Mutuel is France's second largest retail bank with nearly 15 million customers and more than 5,000 branches, according to the bank's Web site.

In 2007, it earned 2.73 billion euros ($4.3 billion) on sales of 10.6 billion euros ($16.6 billion). It also owns France's CIC corporate and investment bank.

Citibank has reported consecutive quarterly losses from huge missteps in the mortgage market.

Citigroup Inc. has announced 13,200 job cuts since the credit crisis began slamming the banking industry last summer, with $14 billion in value lopped from its investments during the first quarter alone.

"This is another strategic step in our effort to reorganize Citi, strengthen our balance sheet, and put us squarely on the path to future growth driven by our core businesses," Chief Executive Vikram Pandit said in a statement. "In Germany, our talented corporate and investment banking teams remain central to our strategy and we're committed to maintaining their leadership position in this market."

The bank added that it remained "strongly committed to its remaining German businesses, including its full service corporate and investment banking business and its European data center, which is the biggest Citi data center outside the United States."