Wall Street posted its strongest gains for the year after Citigroup
announced it had been operating at a profit for the
first 2 months of the year
• Dow Jones +379.44 pts, S&P500 +43.07 pts and Nasdaq
+89.64 points
• Citigroup jumped 38% after it wrote in an internal memo it
had posted a profit in the first 2 months of 2009
• JP Morgan Chase also climbed 23% and Bank of America
climbed 28%

Isn’t it amazing how starved we are of good news. A simple Citbank internal memo stating that they had made a profit in the first two months of 2009 has seen the market rally and banks sky rocket.

It just goes to show how fast things could turn around if we get some more good news.

Here’s to some more good news!
Lee Sutherland