Makes sense, overall downward trend in the market, occasional upticks like yesterday are to be expected. Market volume is at an all-time-high, shouldn’t be hugely surprising we had the single largest one-day gain of all time.
Sell high, buy low - we haven’t reached the low yet. Not pessimism, just sensibility.
And anyone who thinks stock market = economy has as much fiscal sense as that Socialist from New York.
I don’t think market volume yesterday was at an all time high...During the day, I heard reports of light volume...But that was before the afternoon final surge. Lots of shorts being covered then.
https://www.nasdaq.com/markets/nasdaq-composite/2013-highest-lowest-volume
http://www.wsj.com/mdc/public/page/2_3021-tradingdiary2.html