Another Down Day

We see that the market has experienced another down week and it is hard to tell if this is the beginning of a bear market or a bull market which has entered into rest. Recently Citi was downgraded on fears of CEO payout and the risk and cost included in acquiring a new CEO. Their is also fear that Citi's losses will spread to other divisions such as credit cards and retail banking. For more information on Citi: http://www.marketwatch.com/news/story/goldman-says-sell-citigroup-amid/story.aspx?guid=%7BF0EC293B%2D5D07%2D4C83%2DAA9D%2DE86C868136C6%7D

Keep your eye n E-trade as a potential buyout. At this price many other competitors may be looking at acquiring the one time giant. Consolidation is not always a bad thing.

With the market volatility some options are getting creamed. In this market if you are not sure and have a clear reason beyond a hunch for entering a trade, you may want to sit and watch until the market direction is clear.

Till next time.