Up early out West here, attempting to figure out what CIT common shares are worth.
In other news, job losses came in about 30% worse than expected, knocking the S&P futures down about a percent in premarket trading. Employers chopped 263,000 jobs, much worse than the 180k expected. The unemployment rate of 9.8% is the worst since 1983.
AlphaNinja readers should not be surprised, as headline numbers catch up to realities I've highlighted over the last weeks and months. As I posted the other day, the math didn't make sense in this confusing display of confidence among CEO's: