Okay, some late news has just come out and I wanted to it post here…Citigroup has been given protection on $300 billion in loans and also $20 billion cash from the government.

As the story is developing, you can search for in depth coverage off the wires as more clear information comes about. Basically this should instill some stability at the open tomorrow. I am going to be watching Citigroup and the bank stocks in general very carefully. Citi should begin to jump in pre-market as people look to get in at bargain basement prices and also look to other banks for similar deals. Just don’t jump the gun so to speak and think there will be no pull back. If this stock does shoot up early, its certain that some will take profits off the table and the price will go down a bit. This is my prediction and expectation for tomorrow. Patience will go far!

Its late right now. Thought I’d update this really quick.

Happy Investing!

Aman, MBA

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