A comment on Zero Hedge today offered up an interesting stat -- that there are 4 shares of Citigroup for each person on the planet. Wow.
We looked at all US stocks and found that Citi has by far the most shares per person on the planet. With 28,260,770,000 shares outstanding and 6,692,030,277 people in the world in 2008, the Citi shares/person ratio is 4.22. There are only four other US stocks that have enough shares outstanding to give every person in the world at least one share -- General Electric (1.59 shares/person), Bank of America (1.48), Microsoft (1.33), and Pfizer (1.21). Bill Gates held 681,395,074 shares of MSFT in his last Form 4 filing. That's enough to give everyone in the world a tenth of a share of MSFT just from his holdings.
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Obama should redistribute all these shares to poor people around the globe. Why should only the rich people in the developed world have the honor of watching their Citi holdings trade like dog poop? Giving out 4 shares per person will really raise our standing in the world.
Posted by: Joe Jibroni | December 18, 2009 at 01:30 PM
XLF ROOF TOP PATTERN UPDATE: 8>)
http://screencast.com/t/NWMwYTIzNTc
Erikd
Posted by: Erikd | December 18, 2009 at 03:53 PM
See also great danes of the Dow, a twist on the Dogs of the Dow.
http://www.safehaven.com/article-5709.htm
Sincerely,
Adrian Burridge
CanadianInvestors.com
Posted by: Adrian Burridge | December 20, 2009 at 01:30 AM
wow this is uninteresting.
Posted by: mts | December 22, 2009 at 02:33 PM