Oof. Shares of Citigroup (C) are off 8% after the company’s weak secondary offering last night.
Watch out today, folks.
As we noted earlier, there’s nothing more terrifying to this market than the notion that the giant cash pool out there might not be unlimited.
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See Also:
- Asia, Europe, Gold, US Down As Citi’s Weak Secondary Reveals Limits To Liquidity
- Citi’s Secondary Prices Weak, Treasury Holds Back On Dumping Stake To Avoid Flooding The Market
- Citigroup Does The Impossible: It Screws US Taxpayers AGAIN