Todays market was a wild ride of 68 points and change on the DJIA.
Energy rallied when crude prices which jumped 3.4% to $76.05 per barrel. But the overall market seemed to be breathing a sigh of relief about the fact that the mortgage market fiasco might be overblown and we might have suffered the brunt already.
Not to mention the fact that the Bank of America (BAC 47.93, +0.78) announced it is increasing its quarterly dividend by 14% to $0.64 per share. Yet at the same time Citigroup closed down to $49.21. We have an Option interest in Citigroup, and look for it to move upward.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment