Happy Monday
Rescuing Citigroup from certain doom and presenting the economic team that will lead the U.S. after Barack Obama takes office led to a big bounce on Wall Street today: The Dow gained 396 points, or 4.9 percent, the S&P advanced 6.5 percent, and the Nasdaq was up 6.3 percent. Oh, you wanted some more bad news? Okay, how about this: New York State's comptroller says the financial crisis could cost 225,000 jobs in New York City over the next two years. [Marketwatch]