4th quarter GDP was revised down from -3.2% to -6.2% and as someone pointed out on the tube, that is not even close to the biggest news of the day.
If the folks who own the Citi preferred own it because they need yield, they are in a world of hurt.
Stocks are at news lows. I'm going to try to ignore this. If you're sitting on some cash, you should too. If you're fully invested, I don't know what to tell you.