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Citi Doubles Down Goldman Sell Call, Says Market "Heading Lower... Liquidity Support Around 1285"

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 22 Jun 12 6:21 PM | 40 view(s)
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WHEN LOL

Submitted by Tyler Durden on 06/22/2012 - 07:15 Bond Central Banks China European Central Bank Market Crash Reality Stagflation

Even though it was one of the first to call for a coordinated market crash (remember XO going over 1000 bps?) last month before a coordinated policy response can come into play, today Citi's Mohammed Apabhai has doubled down on yesterday's market moving Goldman call, once again making it quite clear that only a collapse can bring the much needed policy "salvation." The bogey? 12% down according to Citi, before the "liquidity put" comes in play and 1285 could "indicate liquidity support." In other words: in order to go up, first the market must go down.

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http://www.zerohedge.com/news/citi-doubles-down-goldman-sell-call-says-market-heading-lower-liquidity-support-around-1285




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