. March 17, 2009 SouthAmerica: Another Suckerâs Rally and another opportunity for traders to ride the stock market up and down. On Friday March 6, 2009 Citigroup stock started trading as a penny stock at $ .97 cents per share and the situation got really desperate â it was time to try a new strategy â hype with no substance.â This strategy works well on Wall Street the sub-prime garbage is a good example of such strategy â over the weekend a memo is leaked out to the mainstream media about how the figures for the fist 2 months of the year look great â the revenues and income before expenses, and write offs. The revenues and income looked great and knowing Wall Street nobody is going to scrutinize if there are expenses, and massive write offs that should off set these revenues and income for the same period.. Never mind that Citigroup operates subsidiaries in over 100 countries around the world, and in the first 2 months of the year many countries were going through a financial and economic meltdown â I guess this new global financial and economic meltdown will not affect Citigroupâs subsidiaries and will not create even more massive write offs for Citigroup â at least according with their wishful thinking memo published by that bank. This desperate strategy did work for Citigroup at least for the duration of this suckerâs rally and Citigroupâs penny stock went up from $ .97 cents per share - and 10 days latter traded as high as $ 2.68 per share on Monday March 16, 2009. It seems to me that Citigroup, Bank of America, many other financial institutions, and many members of the US government including Ben Bernanke started on Monday March 9, 2009 a coordinate effort to hype the US economy and the stock market responded accordingly. Ben Bernanke has been saying that the current recession is going to end before the end of 2009 â I guess the companies that went out of business such as Lehman Brothers, many hedge funds that imploded, and many other companies such as GM, Ford, Chrysler and their suppliers are going to start hiring again, and the people who lost their jobs because they were outsourced to other countries or replaced by technology are going to get their jobs back. The best news is for the real estate industry despite a massive over supply of real estate around the country and foreclosures skyrocketing millions of people are going to go back to work in the construction industry and build an even bigger inventory of houses and commercial real estate. For all practical purposes Ben Bernanke has run out of bullets at the Fed and he has been reduced to hype the US economy and nothing else. At the same time Ben Bernanke has been hyping that the current recession is going to end before the end of 2009 the latest issue of The Economist dated March 14, 2009 had an article about John Paulson the hedge fund guru who has been making a ton of money during this massive financial meltdown that we had in the last 2 years. Mr. Paulson manages a fund that holds $ 30 billion dollars and his hedge funds have had a superb crisis. They clocked up triple-digit returns in 2007 betting against subprime mortgages, netting him $ 3.7 billion personally. Mr. Paulsonâs funds continued to do well last year. The article also said: âJust as markets used to hang on Mr. Sorosâs every move, they are now keen followers of Mr. Paulson. He does not see the economy reaching bottom this year and is still a net short-seller of financial firms.â Ben Bernankeâs hype about the US economy is based on wishful thinking and nothing else. Mr. Paulsonâs forecast that the US economy is not going to reach bottom in 2009 has been backed by actual action and he has been placing his bets of billions of US dollars where his mouth is. .