Dow Jones moves up +379.44 to a magnificent 6,926 points. This is an absurdly high increase in the DOW. Two reasons are a big boost in Citi (C) and Bank of America (BAC) which are both part of the DOW top 20. A profit report from the bank is huge, expect many more green things to be happening from stocks. Short sellers will start getting more money out as they are seeing the bottom of the Dow. However, this is not the bottom yet! We haven’t hit below 6,500. Once the stock prices hit below this mark, it will be a great time to start getting in the market and investing again. I see the big boost as just a starting point of good things to happen, but don’t expect any big gains for at least another year. We will see many more hills that look like ‘the rally’, but don’t be fooled. We have a lot of rich people with tons of money that can manipulate the market every way they feel fit. If you know how to play the short-term, you could probably make some dough selling on highs and buying on bottoms.
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