Be Greedy when Others are Fearful, Be Fearful when Others are Greedy. These are wise words from Warren Buffett, the Richest Investor in the whole world.

A few months ago, when there was alot of uncertainties, I decided to buy some shares in 2 U.S. Banks, I only bought these 2 banks becos they were already announced to be 2 of the 9 Banks U.S. Government will support to ensure that they don't fail.

I bought CITIGROUP (at average cost of US$1.30) and Bank of America (at average cost of US$6.98)......to me, it was quite unbelieveable to be able to buy CITIGROUP shares (its Global brand name already worth billions of dollars) at a price cheaper than a Mcdonald's Big Mac in U.S....

Note: Temasek Holdings also converted preference shares into CITIGROUP shares at US$3.25.....it's a nice feeling to know I bought at about 1/3 the price what Temasek Holdings paid.

Sold some of my shares yesterday, CITIGROUP at US$4.01 and Bank of America at US$14.55.....not bad, to NET (Realised Profits) over 200% for CITIGROUP and over 108% for Bank of America shares....

Anyway, the latest Stress Test confirms neither CITIGROUP nor Bank of America have any risk of collapsing.....but they do need to raise Capital......are the stock prices being pushed up so that these banks can raise Capital through Rights Issue? Possible. Think about it.

Above are just my personal comments, it is not meant as Investment Advice and not suggesting anyone to buy/hold/sell CITIGROUP and/or Bank of America's shares.