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Today, 3/10/09, the Dow Jones Industrial Average soared up 379 points.?

Is this a flicker of hope?

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  • 1 decade ago
    Favorite Answer

    No. While Citi posted a profit for the first 2 months, everyone seems to have forgotten that is only because the government stepped in and bought 30% of the bank. It was trading at less than a dollar last week. It was either going to go up, or out. So this is probably a short lived positive day. Reality will come creeping back in the next day or two.

  • 1 decade ago

    Maybe, but i doubt it. It only went up because citi financial posted a profit.

    Source(s): mad money, mad money.
  • It certainly is a lot of points. Sorry, I don't know what to make of it.

  • 1 decade ago

    its not at standard i'd assume...

    so its kinda like ressusitation i'd think it came from the stimulus.

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