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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (14984)	1/16/2009 9:25:24 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

DOW - I had initially been thinking a rally would continue through today- given the "jolly" news and next week's ball- but I'm now leaning to the enthusiasm fading quickly as the day wears, with a close in the red. Nothing lower than -125 intraday after our morning cup of espresso is digested. The mkt seems to feel entitled to an Obama rally But no matter how you put it, the news is not looking bright Citi Posts Loss, Splits Up the Company- AP Citigroup said Friday it is splitting up into two businesses as it reported a fourth-quarter net loss of $8.29 billion -- its fifth straight quarterly loss. In Citigroup's reorganization, one business, Citicorp, will focus on traditional banking, while the other, Citi Holdings, will hold the company's riskier assets. * Bank of America posts 4Q loss; gets $20B from US- AP * Gasoline price plunge pushes consumer prices down- AP * Wall Street points to higher opening on bank news- AP * World stocks rally after Bank of America bailout- AP * Oil languishes near $35 on weakening US economy- AP * WellPoint to cut 1,500 jobs- AP * Sony Ericsson swings to 4Q loss- AP * Johnson Controls posts 1Q loss- AP * UBS sells parts of commodities unit to Barclays- AP