Today's Volume Leaders: Citi, SPY, BofA, and Sprint (C, BAC, SPY, S)

Volume on the major exchanges is light today but as usual leading the charge is Citigroup Inc. (NYSE:C) followed by the SPDR S&P 500 (ETF) (NYSE:SPY), Bank of America (NYSE:BAC) and Sprint (NYSE:S).

Brazil blew it by rejecting an offer to buy 30% of Citigroup (NYSE:C) as the bank tried to raise capital in the crisis, the country's energy and mines minister says. “We made a mistake,” says Edison Lobao. “We could have bought it and made a big profit. It was a lost opportunity, but I think any prudent government would have been cautious."

Brazil could have picked up Citi on the cheap, under $1 a share, today shares of Citi are at $4.24

The  SPDR S&P 500 (ETF) (NYSE:SPY) is trading near its 52-week high of $111.74, shares are flat heading into the afternoon at $110.  Henry Blodget believes the Markets Are 20% Overvalued; and its Time to Short The SPY (click to read Bezinga.com article).

Today's volume leaders are the following:

Symbol	Name	Last Trade	Change	Volume
C	CITIGROUP INC	4.23 2:00PM ET	0.05 (1.17%)	132,966,287
SPY	S&P DEP RECEIPTS	110.70 2:00PM ET	0.12 (0.11%)	86,063,750
BAC	BK OF AMERICA CP	16.14 2:00PM ET	0.15 (0.92%)	82,273,359
S	SPRINT NXTEL CP	3.80 2:00PM ET	0.10 (2.56%)	82,628,272