Wall Street Manna
An irreverent look at Wall Street
Thursday, February 4, 2010
Citigroup: The "Twilight Zone" is over
The Twilight Zone, the 6-9 month period when stock prices rise even though corporate profits are falling is now, according to Citi, over.
But this time, it was the macro news that remained bad, and not corporate profits.
And now, after most emerging markets have tacked on 80%, Citi "sees" something there!
Why do you think Citi was looking for the Twilight Zone?
They were in it!
Global Equity Strategis Global Growers
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