Traders and investors jump on a bandwagon because the CEO of a company that got a bailout “said” the company was profitable for the first two months of the year?
Show us the proof of that in your books.
Exactly, the way they showed how they could turn 1 billion into 5 billion in the run-up to this mess I want to see the hard numbers, not a guy’s word for it.
Citi's cash flow is plus $45 billion a quarter and has been for nearly a year.
“Traders and investors jump on a bandwagon because the CEO of a company that got a bailout “said” the company was profitable for the first two months of the year?”
How many times have you seen the CEO of a public corporation say something like that in the MIDDLE of a quarter? Also, how does a CEO know he’s profitable for February in only 5 business days after the end of the month?
Could be true, but seems fishy