Wednesday, March 11, 2009

Wow we are in for rally

Stocks soared on Citi news that it made profit in Jan and Feb, this was disclosed by Mr Pandit via email to employees. Dow rocketed 379 points (5.8 %), Citigroup tanked 38 %. We are in for rally here with 70% of AAII investers in bearish camp. This rally could take down to 8500-9000 range. But I still feel this is another bear trap and good time to let go some stocks.

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