Black Friday

Happy Thanksgiving

ETFC - Strong buy

If E*Trade gets TARP funding.... increases it's well capitalized position along with $450M in debt it retired last week for "free".... and over the next 2 quarters puts virtually all loan losses behind it.... resulting in the Company being valued based on the brokerage value alone by mid to late 2009.... at $7 to $9 per share even in this bear market.....

New Highs-New Lows Index

As the name implies, new highs/new lows represents the number of all stocks making new 52-week highs or lows. The result is graphed, and the aggregate number of new highs and new lows is used as a market timing tool.

Citigroup Gets Guarantees on $306 Billion of Assets

Citigroup Inc., facing the threat of a breakup or sale, received $306 billion of U.S. government guarantees for troubled mortgages and toxic assets to stabilize the bank after its stock fell 60 percent last week.
Citigroup also will get a $20 billion cash injection from the Treasury Department, adding to the $25 billion the company received last month under the Troubled Asset Relief Program. In return for the cash and guarantees, the government will get $27 billion of preferred shares paying an 8 percent dividend. Citigroup rose as much as 41 percent in German trading today.

CBOE Put/Call Ratio

VXO-(fear)index