I jumped the gun a little bit on August 27, when I very nearly believed for real that Citigroup stock would hit $5. And on April 14, when I hoped it would maybe happen that quarter. BUT GUESS WHAT! After announcing they'd sell off their hedge fund biz, the stock is hopping around at $4.94 to $4.99 this morning. Who's too big to fail? Whoooo is? Who let the banks out! Who? Who who who? AND THEN, at about 10:05 a.m., it hit $5! And then went down to $4.99. And then it hit $5.05, after a spike in volume! WHERE IT IS SORT OF HOLDING [...]

Oh my God, it's going to happen. Volume is enormous but still Citigroup is going to break $5 on their stock price! Maybe. Previously: World's dumbest bank Citi may escape penny stock status this quarter!

Felix Salmon worries for the Citigroup CEO's health, as he appears to have put on a significant amount of weight recently. Maybe it's all the feeding at the public trough. Or stress. It could be stress.

The Citigroup annual shareholders meeting today, which I am blowing off, because I can't face the fact that I own such a piece of shit stock, is a crazy show, as one would expect. So far, a nun has yelled at people and the crowd has booed former chairman Robert Rubin. Keep up with the live blog here, it's a good time. Update! From the audience: "Where have you guys been? Where's the board been?? Bernie Madoff could've done a better job." Ha ha ha!

Citigroup and General Motors were removed from the Dow Jones Industrial Average today.(Historical note: "By replacing GM with Cisco, Dow Jones & Co. has removed automakers from the best-known benchmark for U.S. stocks, saying in an e-mailed statement that computers are as central to the economy as cars were in the previous century.")