The DOW continues to be absolutely schizophrenic, shooting up 400 points on news that the guv'mint is going to bail out Citigroup to the tune of $300 billion. Hey, remember those days when we thought $700 billion was a lot of money? Well, we're well past the $2 trillion marker and there's still no end in sight.
And while I'm happy that the DOW has gone up, I can't help feeling a little uneasy about how wild the stock market's been. Up 400, down 700, up another 300...even upswings, like the one today, seem to be a bad sign. The economy is just plain unsound. These huge surges are more of a symptom of the disease than a sign of convalescence.
When we have a few days of steady, sustained growth in the stock market, call me. But if you're just going to tell me, "Hey! The DOW skyrocketed 500 points today, wiping out yesterday's slump!" then don't bother.
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