Why Citigroup Inc (C) Is Having a Better Week Than Expected

Strangely enough, good economic news like this can also spark market unease. Federal Reserve Chairman Ben Bernanke has made no secret that he plans to begin reducing the central bank’s $85 billion in monthly bond purchases as the economy improves. It’s widely believed these bond purchases are behind the country’s nascent economic recovery.

As such, when good economic news breaks, markets have been known to go down, and not up. It’s this sort of almost random behavior that prompts us here at The Motley Fool to tell investors to take a long-term view of investing. Tune out market noise and tune into the fundamentals of the companies you’re invested in. And leave the daily stock-price checks to the day traders: Your portfolio will thank you, even if your broker won’t.

The article Why Citi Is Having a Better Week Than Expected originally appeared on Fool.com.

Fool contributor John Grgurich owns shares of Citigroup Inc (NYSE:C) Follow John’s dispatches from the not-so-muddy trenches of high-finance and big-banking on Twitter @TMFGrgurich. The Motley Fool owns shares of Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C).

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