For the first time in many months, both Citigroup (C) and Bank Of America (BAC) are not on our Most Dangerous Stocks list as of the release of the August report.
Per the figures below, investors that followed our advice and sold, shorted or avoided these stocks did very well. Citigroup was down 35% while the S&P500 was about about 3% while it was on our Most Dangerous list. BAC was down 35% also while the S&P500 was down about 1% while it was on our Most Dangerous list.
Both stocks still get our Very Dangerous Rating, but they are no longer considered among the Most Dangerous Stocks in the market.