Thursday, March 12, 2009:
Bernie Madoff's headed to prison for a long time. He deserves to go but so do lots of others. Investors, though, have their perp-walk. Combined with some bank profits at Citi and rumors of the return of the uptick rule, it got them excited enough to tack on a few hundred points to the DOW, almost 400. Great. That gets us back to where we were about a week ago. Thanks Bernie. Next.