Dead cat
I don’t think so. If CITI was profitable, it means they can, in time, buy out the government stake, and maintain the independence (relative) of the banking structure and the threat of nationalization (hopefully). This has artificially depressed the Dow, basically because Obama’s big mouth keeps moving. Granted, if he keeps talking we’ll see another negative 200 day, but CITI’s profit may have shaken some nervousness out.
Gotta disagree. The dead cat bounce and sucker rally happened last week. Check the -volume- for S&P 500 and NASDAQ. Final numbers are still improving as this is being typed.
Watch the stocks go higher and higher so Zero can look good when he makes his first State of the Union address.