Did you see how a bank like Bear Stearns got sold for just $2 dollars/share when it was trading at $170 an year back? In 1 week, it went out of business.
This raises a bigger question-Will a Citibank follow in the footsteps of Bear Stearns? Things are moving fast and the risks are way too high! And if you think this is just “America’s problem”, didn’t you believe in the power of globalization?
Stay away and let this market find a bottom. Be ready to miss a few opportunities but don’t be adventurous with your money
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