The DOW popped 500 points amid reports that President-elect Barack Obama will name Timothy Geithner, the current head of the New York Fed, as his Treasury secretary. The rally halted a sharp two-day plunge. Citigroup shares plunged another 20% today as the board discusses selling off portions of the company. The market finds itself back in oversold territory after breaching the 2002 lows. Next week will be a shortened holiday week as we approach the Thanksgiving holidays.
