Markets Jack Rabbit on Good Citi News


cheerleader-3

WOO-HOO!

A 300 point jump in the Dow today raised hopes among investors but experts say caution is still warranted.  Financial companies showed improvement for the first time in weeks, after Citigroup Inc. announced that its first two months of the year were profitable.  How `bout that?

According to Yahoo news, “All the major indexes soared more than 4 percent, and the Dow Jones industrials at times shot up more than 300 points, putting the index on pace for its biggest gain of the year. “

Citi Chief Executive/Chump Vikram Pandit (Yes, it rhymes with “BANDIT!”)  said the performance so far this year has been the bank’s best since the third quarter of 2007 — the last time it recorded net income for a full period.

Just 7,000 or so more points and we’ll be back where we were back in 2007!  Think you’ll still covet that Hummer you passed up?

Advertisements
This entry was posted in Business, Economy, Government, National, Soup du jour, World and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s