End of an era

I guess you can see this all over the news, GM has finally declared bankruptcy after struggling for so long. Since January, it has asked for funds from government to keep it alive until March and still in the end, it didn't really helped much in its survival.

However, the markets didn't react badly to this news and in fact, the rally came once again. The other big news is with Citi and GM, being kicked out of the Dow composite.

General Motors and Citigroup were kicked out of the closely watched Dow Jones industrial average Monday, marking a historic fall from grace for two once venerable American corporations.

In a widely anticipated move, Dow Jones & Co said technology bellwether Cisco Systems Inc will replace GM, which filed for bankruptcy Monday morning. Travelers Co , a large home, auto and commercial insurer, will take the place of Citigroup due to the bank's restructuring and the government's "large and ongoing stake."

Sadly, Citi and AIG might be the next in line for the world to see how they tear down their walls and furniture to keep themselves afloat?