CNBC Up volume beating down by 20 to 1

[Joanne98]

This may do it. If we don't get any more bad news this week. Keep your fingers crossed.

[sharp_stick]

1. I think the Citibank

report today was very well received. If banks can start to turn the corner then hopefully we can find the bottom in this.

[Joanne98]

2. Yes. Citi was in the worst shape. Great news for the financials.

[Jackpine Radical]

3. How is CNBC handling this?

I mean. if Obama gets the blame for every downtick and hiccup, to what are they attributing this momentary upturn?

[sharp_stick]

4. Gnashing of Teeth Rending of Garments

it must be some kind of horrible tragedy.... Oh wait, that's just Jim Cramer normal pump and dumping the dupes that follow him.

[Joanne98]

6. They are behaving so far. I think the GE CEO told them to shut up!

They were driving their own company down. lol

[ret5hd]

5. I dont understand why anyone that is closely watching the economy...

would feel that today shows a bottom has been found.
I would rejoice if you are correct. My job and future may be safe.

But an honest look at the underlying problems gives me a different prognosis.

[Joanne98]

7. Keep your fingers crossed. Nobody wants to miss the financial rally

when it comes. If this holds thru friday they will pile in next week.

[sendero]

10. Anyone...

.. that thinks this is a bottom is soon to be separated from their cash.

And deservedly so.

Nothing in the real economy has changed. The banks are still insolvent, unemployment is still rising.

It amazes me that anyone thinks these little rallys mean anything over the longer term.

The "profit" citi reported isn't even a profit, it is a fiction by shoddy reporting.

[neverforget]

11. Yeah but we had a RALLY on a LEAKED memo! so is this the sucker

rally we've been waiting for or merely a blip on the continued slide as the unwinding continues?

[JohnWxy]

8. 20 to 1 for Up volume! that's strong! Glad to see it, but of course watching the market's daily

movements and trying to time your moves 'just right' is a good way to get High BP ... or go mad.

But,,, the market is really down now. Many Blue chips are trading below Book!

20 to 1 ! jeez!

[GoesTo11]

9. This won't do it. We are just going to have to work through the mess.

Hopefully that will happen fairly soon, but the small amounts of good news today don't fix the problems.