Concerning the rally on Wall Street, Ralph Fogel made a few remarks based on what took place. It was mainly concerning big-name companies and how they are holding up in this economic struggle that many of us are facing. “AIG and Citigroup, which were both bailed out by the government at the height of the financial crisis, jumped as recent momentum was further fuelled by fresh news on the companies. This forced short sellers to buy the stocks to protect themselves from heavier losses,” the article explained.
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