www.chartingstocks.net/2009/02/gone-in-60-days-citi-and-bank...
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Sparrows since 275 days 3 hours 50 minutes
Citigroup (C) and Bank of America (BAC) won’t live to see May. The government will take them over within the next 60 days. The announcement may come as soon as tomorrow evening. If there’s one thing our readers know, it’s that ChartingStocks.net has made some bold calls in the past which seemed controversial and highly unlikely at the time. Our January 2007 post warned of the coming stock market crash at a time when the market was making new all time highs. In February 2007 we warned about the breakdown of the brokerage stocks and singled out Bear Stearns (Trading at $160), Merrill Lynch (Trading at $87), and Morgan Stanley (Trading at 78). In September 2007, we warned of a selloff in the coming weeks. The market peak and decline began 4 weeks later. We’re going to make another bold prediction. Bank of America and Citigroup won’t live to see May. Note: Everytime I look at this Wall Street mess, it makes me want to barf. If this is not the biggest swindle in the history of the U.S., then I don't know what a swindle looks like.
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