Bulls come alive!!!

What a day!!! Bulls came alive and the bear had to give in. OK. So now Vikram Pandit (CEO Citigroup) informs his employees in a memo that Citi was having its best quarter since 2007 and was profitable for January and February of 2009. Wall Street certainly loved this news… DJIA rallied 272 points in the morning trade session. My greatest fears are that even this rally might lose its steam, since the performance of Citigroup is directly tied and influenced by the massive capital injections by the U.S. Treasury and the enormous backing by the FDIC. Is Citi truly putting its talent to work, they have decided to finally become lean and for the most part mean by selling of businesses and laying off people (50,000 precisely). These actions definitely will boost its balance sheet and have a positive effect in the short run, may be the next 8 quarters until the Fed Funds rate is close to zero and the U.S. Govt. is willing to take all measures to protect and preserve the financial and banking sector. What next?? If I could formulate the precise regulations which would protect shareholders at the same time spur growth and encourage innovative ideas, then I would be probably be working for the Fed or the Treasury. Anyways, I am hoping Vikram Pandit and his team is truly able to restore some more confidence by sticking to the straight (atleast for now.. eventually buyer and investor beware).