Don't Look Now, But The Markets Are Rallying

[tekisui]

http://www.google.com/finance?q=INDEXDJX:.DJI&client=news

The Dow is up 4.05% in the first hour of trading.

[stillcool]

1. somebody announce job cuts?

[BurtWorm]

5. Citi might be announcing a good quarter.

[Dr.Phool]

19. Yeah, they're going to pay a dividend with bailout money!

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

Lying piece of shit CEO said they had 2 profitable months. I guess they'll count up all the losses in the third month of the quarter.

It's Madoff Math.

[Lost in CT]

2. great only 58% more to go.... nt

[tekisui]

4. At least it's the right direction.

[Lost in CT]

7. It's a 200 point burp... The parrot is still nailed to his perch.

[TahitiNut]

15. Yeah ... uphill is usually the "right direction" for lemmings seeking cliffs.

:eyes:

[tekisui]

16. And Sisyphus.

:)

[babylonsister]

3. The day is young.

:shrug:

[tekisui]

9. Best start in some time, though.

I ma sure we'll get some kind of bad economic news. Not a day goes by without it.

I thought it could be a reaction to the stem cell legislation, but really I have no idea.

[marketcrazy1]

12. CITI blew the top off this oversold pressure cooker!!

it was bound to happen. this is a bounce not a trend... I`ll take what i can get at this point.

[SoCalDem]

13. Citi is lying, because all last week people were hinting that they would fail

It's no accident that things are "all better" now..:puke:

[marketcrazy1]

17. I know they are full of shit SoCalDem

it`s all a slight of hand numbers game. they just had 25 billion in preferred government stock converted to common so they get to keep the cash they would have paid out to preferred share holders this quarter. a nice gift from taxpayers!!

[earthside]

18. Just silliness.

Oh, wow....

Citi announces a 'profit' after the TARP bailout gave them billions and billions of dollars last fall.

Oh, and this 'profit' is before "writedowns".

This really just more CNBC and commissioned stock brokers silliness -- only suckers and gamblers will actually buy anything this morning.

Considering the Manpower hiring survey, this market is still way over-valued. No jobs, lower wages -- no profits for lots of companies. That's the un-silly part.

[dkf]

20. I'm sure it helped that they didn't have to pay dividends on their Preferred shares

but converted it to Common instead.

[lpbk2713]

6. BAC is up 23%

... of course ... that only puts them at 4.60.

:D

[MiniMe]

8. Sssshhhhhh, be very very quiet

Don't jinx it

[tekisui]

11. Somebody needs to alert on this thread to get it removed.

Shhhh!

[Tandalayo_Scheisskopf]

10. Great.

Runup in the morning, profit taking in the afternoon, everyone pile into oil speculation, after-hours on ICE, and drive up the prices there, even though there is a glut sitting in storage.

Torches and pitchforks may be the only workable solution.

[TahitiNut]

14. It's Tuesday.

:shrug: :eyes:

[JackRiddler]

21. DOW at 36000 by 2100! Vote for me in 2010!