Why is that a big deal?
Because big investors who are long Citi may be betting that the economy is getting better and that we have something more than a jobless recovery, speculates CNBC's Charlie Gasparino.
That’s because when unemployment goes beyond 10.5%, consumer loans start to decline at such a rapid pace those losses overwhelm most any other positive catalyst -- and investors turn bearish on the stock.
So this Citi position may suggest that one of the smartest guys out there – John Paulson – believes that unemployment won’t go much higher.
If you expect a V-shaped recovery, then Citi is a buy, Gasparino concludes.
What do you think about Charlie Gasparino's theory? We want to know!
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Trader disclosure: On November 16th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (GE), (INTC); Finerman Owns (RIG), (FLS); Finerman's Firm Owns (CSCO), (RIG), (MSFT), (NOK), (PLCE), (TGT); Finerman's Firm Is Short (USO); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (WMT); Finerman's Firm Is Short (IJR), (MDY), (IWM), (UNG); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Owns (FLS), Is Short (FLS) Calls; Terranova Owns (GS), (JPM), (SU), (AAPL), (GOOG); Terranova Works For (VRTS); Terranova Owns Dec. Crude Oil . Futures; Terranova Owns Dec. Gold Futures; Terranova Owns Dec. Nat Gas Futures
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