Posts Tagged ‘bulls’

Dow Jones: Why 5% Rallies Aren’t a Good Sign

Tuesday, March 10, 2009 15:35 8 Comments

News of a leaked memo by Nationalized Citigroup CEO Vikrim Pandit sent the markets soaring 5% today. The memo states that Citi is profitable for the year. We’ll wait and see if Mr. Pandit’s optimism makes its way to the company’s next earnings release. Judging by previous and similar such statements by Citigroup’s CEO, we [...]

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