monday trading, page-48

FED will take over Citi's toxic assets, and prevent them from ever reaching their books. They will hold these assets, in return for some equity stake in Citi. I expect bleak economic data, USD to fall, and Gold to rise this week. Our mkt is very cheap right now..and the last few hrs aren't going to change my mind. Mkt has ever chance to rally between now and 4 pm.

Some of Citi's assets are tied to mortgages, and investors are worried they could cause heavy losses if they are brought back on the company's books. The FED will not let this happen....the S&P, DOW will rally once this deal is finalised.

buy on dips...