Wasn't pessimistic enough on bank losses... Bartiromo kept trying to elicit bullish comments on Citi and the banks in general. I think Meredith is still too bullish, frankly. Mark to Market is going to look better? Okay, Meredith, don’t get carried away, look at the option arm mortgages still in the pipeline…
Note that she picked up on my earlier comments regarding Citi… no write downs included in “profits.” LOL, up 28 cents, “don’t call that a relief rally.”
“By my math, they don’t make money in any of their businesses.”
On suspending mark to market... "Doesn't really matter."
Economic News , Data & Views ......March 29 , 2017.......Quick Hits For Wednesday -1) Markets : Asia Economic Calendar For Thursday , Market Moving News & Data Updated Regularly ; US - Dow In The Red Today But S&P & Nasdaq See Green , Gold Up Modestly & Oil Sees Bounce Today , US Treasuries Yield Fall Today. 2) US Politics : Russia Investigation In Congress - News Of The Day & Note Differences Between House And Senate Intel Committees ; White House Drama De Jour ; Repeal & Replace Updates ; Additional News Of Note. 3) Europe In Focus : PM May Has Article 50 Letter Delivered To EU & Related News Today ; France Election Updates & Polling Data ; Greece May Or May Not Have Reached A Deal With Creditors On Labor Reforms & Pensions Cuts ; Europe Odd News For Wednesday. 4) MENA News : Iraq , Syria , Turkey & Libya In Primary focus
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