Many Asian and emerging markets are dependent on China which is looking shakier every day. Europe may not look so bad after all.
Citi Holdings will be a drag on earnings until further notice.
Citigroup is a large company and may be very hard to change. The majority of Citigroup employees will find it very hard to change their mindset. There are too many to fire at once. No one has ever changed employees one by one and survived.
George Gutowski writes from a caveat emptor perspective.