C that lil pump might've scared me out of my puts in 2023 or 2024... but I knew better this time around. SPY is on a teeter totter today and I'm loving the volatility it's causing! We're going diving this week my friends.
C well folks... I know it's only the 1st day of the week but I think I nailed my puts so far. Especially with the help of SPY on it's downward trend. If you're looking for a good play, short term and definitely long term... Citi is where it's at!
Citigroup is a zombie company. It was a too-big-to-fail bank that nearly collapsed during the Global Financial Crisis in 2007-2008 but was rescued by the central bank. In order to persist, C needed decades of limitless monetary easing. Now, in the face of record inflation, the central bank's money lifeline is being challenged in unprecedented ways. In order to continue helping zombie banks, the central bank has to effectively increase the money supply. Increasing the money supply at a time of record inflation is risky business. The central bank will likely face a crisis of some kind: a severe liquidity crisis or an inflationary spiral... perhaps both.