Wow - I'd almost forgotten what a market rally looked like! Seriously, the market popped higher on the open, consolidated gains and then moved higher at 11. Prices drifted lower until 1:30 and then moved higher into the close. All in all a nice day.
Simply notice that the 10 day long downward move may have been broken. What we need tomorrow is a follow-through day.
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Solely due to the machinations of the Masters of Citi.
Can you say "sucker rally"? Where are the fundamentals?
Anyone care to bet that when the numbers are totted up, that Citi doesn't report a profitable quarter?
Such is the extent of my trust for these shysters.
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