Friday, January 16, 2009

Obama Rally?

Will an "Obama Rally" start this afternoon? I bought 300 shares of Citigroup (C) and 400 shares of JP Morgan Chase (JPM) at beaten down prices earlier today with the expectation that the trading day is more likely to end on an up than a down note. We'll see what happens. At 2:03 p.m. the S&P 500 was essentially flat (down 0.73 points, or about 1/10th %). We'll see what happens within the next two hours....

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