The Great Unwind has begun, Citigroup warns (de-leveraging sweep)

Market Watch ^ | 03/19/08 | Alistair Barr,

[TigerLikesRooster]

The Great Unwind has begun, Citigroup warns

Avoid leveraged companies, countries and consumers, bank's strategists say

By Alistair Barr, MarketWatch

Last update: 9:51 p.m. EDT March 19, 2008

SAN FRANCISCO (MarketWatch) -- The Great Unwind has begun, Citigroup Inc. strategists warned on Wednesday. As markets and economies de-leverage across the globe, investors should avoid companies and countries that have grown to rely too much on borrowed money, they said. That means favoring public-equity markets over hedge funds, private-equity and real estate, while leaning toward emerging market countries and away from developed nations like the U.S., the bank's global equity strategy team advised.

Within equity markets, the financial-services should be avoided because it's still over-leveraged, while other companies have stronger balance sheets, the strategists said.

"Steady growth, low inflation and rock-bottom interest rates encouraged economic and financial participants across the world economy to gear up over the past few years," Robert Buckland and his colleagues on Citi's global strategy team wrote in a note to clients. "Easy money encouraged many to buy a bigger house, a bigger car or a bigger speculative position."

[M. Espinola]

Shill, there are plenty of house to flip. Go flip one.

[groanup]

This would have been great advice had it been issued 8 months ago.

But now there's major flooding going on. Central banks around the world are pouring money into the financial system. There will be re-leveraging and higher stock and home prices down the road.

[hripka]

(This article) is as close as you will ever see to a bank putting a sell recommendation on itself.

http://globaleconomicanalysis.blogspot.com/2008/03/world-of-uncertainty.html

[Toddsterpatriot]

Go flip yourself. LaRouche? ROFLOL!

[groanup]

I tried the link and it’s bad.

[Toddsterpatriot]

There is a dash in front of http. Cut and paste this.

http://new-federalist.com/other/2007/3408hedge_funds.html

[groanup]

More mumbo jumbo and blame the Joooze. Where does Larouche fit in?

[Toddsterpatriot]

It's from LaRouche Publications.

[bert]

Prince Talal is one of the world’s most astute businessmen. His position in Citi proves it.

[M. Espinola]

Robert (Clinton era) Rubin, formerly of Goldman Sachs, is currently at the top of Citibank and claims he hadn’t heard of “liquidity puts”....

This Wall Street insider is so full of it!

Source

[TigerLikesRooster]

To many of these Wall St types and their shills on Internet, we are vastly ignorant morons, who can be easily fooled by their mix of nice talk and number charts.

Lately, they came out with a new talking point that we are close to the bottom now. To me, we reach the bottom when they are too depressed to bother to hit keyboards, which has obviously not arrived yet.

[M. Espinola]

The lurking, agenda bankrolled shills on here were the same ones attacking anyone who warned of the over inflated housing bubble about to burst, serious banking problems effecting the general market, coupled with attacks & slander directed against all those which spoke of rising inflation.

Maybe these slithering shills can assist the Fed in sticking some more bubble gum in all of Wall Street's leaking financial holes.

The banking credit crisis is all the way at the bottom :)