Updated from 2:37 p.m. EDT
Don't give up hope yet. There's still plenty of time for that down the road.
Those two were also the most actively traded issues on the Dow, and volume in Citi has already surpassed 1 billion shares. Only six components of the index were falling, the worst being General Motors ( GM), down 7%. Both drug companies, Pfizer ( PFE) and Merck ( MRK), were sluggish. So far, so good. If you believe, that is.
Recently, the index was at its best level of the session, up 101 points at 7325. Of the 30 stocks, eight were weaker, led by a 6.3% decline in General Motors ( GM) to $2.55. For the most part, the other losses were fairly minor, though Intel ( INTC) was down 2% at $14.40. Back on the winning side, Alcoa ( AA) was adding 6.5% to $6.10, and JPMorgan Chase ( JPM) was up 4.7% at $24.86. General Electric ( GE) was ahead by 3.7% at $9.98, and earlier, GE went as high at $10.15, its first time above $10 since Feb. 19. So far the Dow appears to be headed for a fifth straight rise. Coming off a week in which the industrials advanced 9%, that's not a bad way to get things started. Without question though, we all have to be on guard. This could prove to be only a brief rally in what has been a punishing bear market for stocks. The global banks still have plenty of problems. Unemployment is soaring. AIG's ( AIG) inability to get out of its own way bolsters the case for more regulation. Bulls are everywhere, and talk of a bottom is rampant. Still, it's hard not to be hopeful, even if deep down we know how dangerous that can be.