With the closing bell, today’s market recorded a significantly high spike to the tune of 5.8%! Somehow, when my ears heard the ring… it sounded hollow!
“Profitable” news from Citi chief this morning caused the spurt. But will this rally be sustained over the coming days? Already there’s talk of tightening credit. Metrics used by market analysts are signaling gloomy times ahead with a severe cash crunch looming.