Citigroup we all know has been a roller coaster ride for us all. A day traders dream for the brave and a scary white-knuckled ride for us long term folks. Citigroup has been slowly but surely rising higher and higher. They peaked at $5 on the 24th and I got pretty excited but then it decided to drop back down to the mid $4’s. The housing market is supposedly doing better according to this weeks report and you would have thought that the financial’s would be bolstered by the good news.
Freddie Mac and Fannie Mae have jumped 40+% in the last couple of days. Any rhyme or reason? Nope….Will it continue to rise, I sure hope so but don’t see any real reason for it to any time soon.
I keep wanting to jump into the market and grab a few more stocks, but the volatility is so high that it is quite scary for a laymen investor like myself. If anybody out there knows what the secret is, I am happy to hear it! Otherwise, I will keep watching in wonder as stocks bounce around based on consumer whim.
This is one roller coaster that can make your wallet fall out.