Citigroup came out this morning with sell ratings for Argentina banks, including Banco Macro (BMA), Grupo Galicia (GGAL) and other less traded stocks.
According to the following chart, this is a bit like taking child care advice from Charles Manson.
According to the following chart, this is a bit like taking child care advice from Charles Manson.
Included in the recommendation was a comment that the Argentine government "had lost credibility at home and abroad". Otto sez: take loooooooooong hard look in mirror, gringos.