Oct6th - Dow jones -500 / -4.60% level 9865.00

[Steve_A]

Hi ctophil,

DOW closed down 878.27 ! 8.51%

Citigroup went down 12.98%

Bank of America CP got hammered, down 26.23%

JP MORGAN CHASE CO down 10.64%

By the way, the Citi story with Wells Fargo smells. Citi offered $2 a share. Wells offered $6 dolars a share - a huge difference for what was described as a failed bank. Then Citi wants to fight over the attempted sale. Tere must be more than meets the eye here. Right?

Best regards,

Steve

Originally Posted by ctophil

Are you talking about Citigroup? All they doing recently is trying to play tug-of-war with Wells Fargo and snatch Wachovia. What else is new?

-Phillip