From Felix Salmon….

The massive Wall Street rally this afternoon, and a statement in support of Citigroup’s chairman, didn’t help Citi, which closed down slightly on the day at $9.45 a share. Clearly the market is very worried about Citi’s future, and the fact that it’s trading in single digits — which means that a modest $1 decline in the share price means headlines about a 10% plunge — doesn’t help.