Citigroup? Connected to a profit?

Are you kidding me?

A profit?

That's what they want to declare that?

Let me be the first to point out that Citigroup took how many billions of dollars from the government, just to prop it up?

Billions of dollars.

February 27, the United States was to be giving them 25 billion dollars for a 36% stake.

How, exactly, do you take 25 billion dollars from your own government's tax coffers and then declare a "profit"?

What nonsense.

Not only that, but from everyone's best estimations, there is still a great deal of bad paper on Citigroup's books they have to get rid of.

And the Dow goes up 379 points?

This is, truly, a world gone mad.

This must be some bizarro universe.

Citigroup's stock is at $1.40.

How excited can you be about that?

I have to say, the possibility of that same Dow losing those nearly 400 points between now and Friday are far too possible--and even likely.

But who knows?

In this "bizarro world", absolutely anything could happen.

Link to story: http://www.reuters.com/article/newsOne/idUSTRE5291NK20090310