Keep eye on Banks

Keeping eyes on Banks with all this TARP payback. My benchmark is still BAC $15 level

Citibank

Citibank paying back their which is great but to do this they have to issue $200 Billion in equity. Seeing all these banks rushing to pay back the TARP let me think they are doing it at the expense of capital dilution. We will see what really happens. In the mean time 1123 on the upside is the number I have and 1087 on the downside.
Seasonality is in place here folks and don't forget that. Usually they try to push up into mid December then we drift down during the final days, obviously this could be distorted this year due to the anemic volume.