Why Citigroup Inc. (C) Took a Dive Last Week

And as for the dollar gaining against the yen, well, it just fell. And even if Bernanke does begin winding down the QE this year while the DOJ is cranking its own version up, it’s far from a given that the dollar will make up enough lost territory to make Peabody’s dream come true.

So we have two proximate causes for Citigroup Inc. (NYSE:C)’s bad week, but in many cases it’s difficult, if not impossible, to say what’s moving a stock on a day-to-day basis, which is why here at The Motley Fool we counsel investors to take a long-term view of investing. Obsessive ticker checking will likely lead to more trading, which costs money, and has been shown to hurt portfolio performance.

So tune out the market noise and focus on the fundamentals of the companies you’re invested in. Your portfolio will thank you, even if your broker won’t.

The article Why Citigroup Took a Dive This Week originally appeared on Fool.com and is written by John Grgurich.

Fool contributor John Grgurich owns shares of Citigroup 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 Citigroup.

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