Abu Dhabi Investment Authority Buys some Citi

I guess Citi is getting cheap enough for the oil shieks to jump in for a $7.5 billion stake.

"While these announcements from the financial industry are continuing to
unsettle investors, the lower dollar has put the U.S. in the position of being
for sale at attractive prices, so Abu Dhabi can come along and buy an interest
in Citi," said A.C. Moore, chief investment strategist for Dunvegan Associates
in Santa Barbara, Calif. "Anytime you have corporate action, that's one of the
strong bull arguments" for stocks.

It's is certainly getting really close to my mental buy price of below $30.