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Citigroup wins "Ridiculous Analysis of the Day" award

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.

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.