The turmoil in the markets makes it too easy to justify selling any stock these days. Yet, while panic never helps investors, it's still a good idea to play devil's advocate with investments.

Consider the fallen banking giant Citigroup (NYSE:C). Though many investors see better days ahead for the bank, you'll find a many of the 8,518 Motley Fool CAPS members weighing in on the company, still offering reasons to be bearish.

Here at the Motley Fool, we like to consider both the good and bad sides of an investment, so in this article, I've highlighted three of the main bearish arguments on Citigroup today. Be sure to read the bullish side here, as well, and then weigh in with your own comments below, or rate Citigroup in CAPS.

  1. What's really on the books? Some CAPS members are still faced with the uncertainty of the quality and quantity of assets that actually remain on the books of banks like Citigroup and Bank of America (NYSE:BAC). New rules beginning to take effect next year will force banks such as Citigroup, JPMorgan Chase (NYSE:JPM), and Wells Fargo (NYSE:WFC) to bring billions of dollars in off-balance sheet assets back onto their books, which could negatively affect capital ratios.                                                                
  2. Slow to recover: A recent survey of executives in financial services and banking found that a large percentage think the sector will take longer to recover than the greater economy. Banking was hit especially hard, and loan delinquencies continue to grow, even at stronger banks like US Bancorp (NYSE:USB), with little sign of near-term improvement.                                                 
  3. Real profit still elusive: While Morgan Stanley's (NYSE:MS) earnings were affected by its credit default spreads, and Goldman Sachs (NYSE:GS) and JPMorgan were helped by strong investment banking, Citigroup reported profits based on one-time gains in its recent results, and CAPS members don't expect it to post profits any anytime soon.

Of course, Citigroup has survived in the past despite obstacles. But the question of its future viability is why CAPS is such a great resource to augment your own analysis. To see details of what CAPS members are saying now about Citigroup, just click on over to Motley Fool CAPS and have a look -- or add your own thoughts directly to this story in the comments box below.