Tuesday, March 10, 2009

CitiBank UP 40%!!!

LOL!!  Huge day on Wall Street!  And the headlines go wild!!

And 40% looks like a BIG jump- until you realize - it wasn't only 40 PERCENT-

CitiBank was up a total of....... 40 CENTS!!  

All the way from a buck-five to a buck-fortyfive!!  Forty - pennies.

All our troubles are over; after that overwhelming vote of confidence by investors!!  40¢!!!!!!!!

Never realized gallows humor could get so hilarious.


Phil said...

CitiGroup 1yr ago $19.69; yesterday $1.05, a 94.6% drop; today, up by 40%, to a year-on drop of a mere 92.6%. Yet stock market overreacts. I guess we can't expect banksters and brokers to understand simple arithmetic.

WILDBLUESbysus said...

Looks more like a political move than a financial one.

knutty knitter said...

That and two bucks sixty will buy you breakfast at McDs :)

Behold...the market lives!!!

And its winter here - we just got snow and its cold and my tomatoes are still green. Next year I hope we'll have some sort of a glasshouse.

viv in nz