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Stock market bottom 11.24.08

Today we had some good follow up on yesterdays up gain.  I expected it to go up again but wasn’t sure it would make it by the last hour.  You know what happens in the last hour: rally or plummet.
NEW YORK (CNNMoney.com) —
Stocks surged Monday in a broad rally as Citigroup’s massive rescue package [...]

Citibank the next bailout project

The stock plummeted and the company was soon becoming a penny stock.  This giant corporation just laid off over 50,000 world wide.  As a reward for this soon to become bankrupt bank, they get a bailout.  Is this a surprise?  It shouldn’t be and it was expected.
SAN FRANCISCO (MarketWatch) –
The U.S. government agreed Sunday night [...]