How could the Market be "Bullish on Citigroup Despite Big Quarterly Loss."?? They posted a second straight quarterly loss totaling nearly $15-Billion so far. They have also suffered more than $46 billion in "write-downs" since the middle of 2007. They slashed their dividend and raised more than $30 billion in debt, I mean, "capital." Book value per share (assets minus liabilities) fell to $20.73 from $22.74 at year end. Return on equity was negative 18.6 percent! in the quarter. And yet, the "Market" is bullish on Citigroup!? shmucks
Here's a link to a more honest outlook on what the "markets" should keep in mind.