Citigroup (C) will be in the headlines this week for sure. The company has 10 days to start repaying some of the TARP money and it is not clear how it is going to raise the capital. That will bring volatility into the stock. Most likely it will bring the price per share below $4.00, and that could trigger some more downward movement. If the stock trades under 4 it will probably go down 5 to 7.5% (20 to 30 cents) to $3.80 to $3.75. At 22 billion shares, every 5 cents will take a $1B dollars of the market cap.
GE may also see a bit of a drop this week. Not much news on the world economies. With the holidays, people are buying smaller and cheaper goods and that may not be in line with durable goods from GE. The Wal-Marts (WMT) of the world may see some increase in sales
Citigroup did go down below $4 on the 8th of December, a day after this posting. And did go to $3.82 or a 5% drop. Volume was very high.