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Dow soars nearly 2,000 points in post-meltdown rally
CNBC ^ | 03/13/2020 | Fred Imbert, Yun Li and Eustance Huang

Posted on 03/13/2020 1:35:12 PM PDT by Kid Shelleen

Stocks ended sharply higher after a volatile session Friday as Wall Street rebounded from the deep losses suffered in the previous session, the worst since the Black Monday market crash in 1987.

The Dow Jones Industrial Average closed up 1,985 points, or 9.3%. The S&P 500 and Nasdaq also surged 9.3%. The averages posted their biggest one-day gains since October 2008.

(Excerpt) Read more at msn.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: chinavirusus; coronavirus; covid19stockmarket; dowjones; nasdaq; stockmarket; stocks; theskyisntfalling; trump; trumpchinavirusus; trumpnatlemergency; trumppresser; trumpspeech
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To: SmokingJoe

Down 2000 couple of days ago, up 2000 today.
Easy money.


21 posted on 03/13/2020 1:49:15 PM PDT by SmokingJoe
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To: dp0622

Wait it out.


22 posted on 03/13/2020 1:49:41 PM PDT by Tax-chick (You're only one book away from a very good mood. (Washington County, UT, Library)
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To: ConservativeInPA

Agree. Lots is being made by someone. If it is Bezos with a vehicle to create market panic then it stinks...


23 posted on 03/13/2020 1:49:44 PM PDT by RedEyeJack (What was the basis for the restriction?)
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To: Kid Shelleen

Man that magic wand of the President still has some charges in it.


24 posted on 03/13/2020 1:50:35 PM PDT by Sapwolf (Talkers are usually more articulate than doers, since talk is their specialty. -Sowell)
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To: Yo-Yo

https://www.kitco.com/news/2020-03-13/Gold-gets-double-haymaker-punches-from-both-U-S-stock-market-rally-sell-off-from-highs.html

Kitco News) - Gold and silver prices are getting hammered at midday Friday, down over $75.00 an ounce in gold as of this writing. As the U.S. stock market fell down from its sharp, early-morning gains the gold market sold off on notions of another rough day in the stock market that would put strains on liquidity in many markets, so a “sell gold while you can” mentality emerged. Then, as the U.S. stock indexes stabilized and started to move back higher, notions resurfaced that the worst of the coronavirus-induced market panic has passed. This rallied the U.S. stock indexes and the U.S. dollar index, which in turn added to more selling pressure in the gold and silver markets. “It’s just crazy,” said one longtime metals market watcher. President Trump is reportedly going to declare a national emergency Friday afternoon. The fireworks in the global marketplace are far from over, even if the peak panic period of this market shock has now passed—which is still very dabtable. April gold was last down $72.60 at $1,519.10.


25 posted on 03/13/2020 1:50:48 PM PDT by RummyChick
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To: Kid Shelleen
Microsoft Corporation (MSFT)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist

Quote Lookup

158.83+19.77 (+14.22%)
At close: 4:00PM EDT

WOW!

26 posted on 03/13/2020 1:51:41 PM PDT by SmokingJoe
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To: Kid Shelleen

Democrats Deeply Saddened. :(


27 posted on 03/13/2020 1:52:17 PM PDT by Diana in Wisconsin (I don't have 'hobbies.' I'm developing a robust post-Apocalyptic skill set.)
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To: Secret Agent Man

...or stories complaining about how slow the CDC has been

Steve Forbes just mentioned this


28 posted on 03/13/2020 1:52:20 PM PDT by combat_boots (God bless Israel and all who protect and defend her. Merry Christmas! In God We Trust!)
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To: Kid Shelleen

It will continue to roller coaster. Day traders.


29 posted on 03/13/2020 1:53:48 PM PDT by Old Yeller (Auto-correct has become my worst enema.)
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To: Kid Shelleen

Lots of selling off in precious metals this week. (I kept all of mine.) My guess is that people were trying to gather some cash to buy cheap stocks - which lasted all of two days!

http://www.321gold.com/

Oy! These people. Just simmer down and look at the End Game!


30 posted on 03/13/2020 1:54:15 PM PDT by Diana in Wisconsin (I don't have 'hobbies.' I'm developing a robust post-Apocalyptic skill set.)
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To: All

Boaters participated in a flotilla of support for the president over the weekend in the Hillsboro Beach
Intracoastal waterway, located about 30 miles south of Trump’s Mar-a-Lago resort. Video on citizenfeepress.com

31 posted on 03/13/2020 1:54:27 PM PDT by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: aMorePerfectUnion

THe last three Fridays have had big moves in the afternoon. THis had the added punch of a President who performed well and needed to do what he needed to do to ease the panic

Whether it holds or not remains to be seen. The $VIX is still sky high


32 posted on 03/13/2020 1:55:14 PM PDT by RummyChick
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To: McGruff
Toilet paper futures are up 1000 percent.

Sales skyrocket during brown outs.
33 posted on 03/13/2020 1:56:08 PM PDT by Old Yeller (Auto-correct has become my worst enema.)
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To: RummyChick

Business insider reported that he himself said he tested negative; do I trust BI, no, do I trust him, no, but I have to think that if our government really believed he was positive, Pence would have been tested, and Pence said he wasn’t, so it seems odd.

I worry when I see Trump and Pence together in a room, because the thought of both of them being in quarantine, and maybe in the hospital, is scary — because Pelosi is next in line for the Presidency.


34 posted on 03/13/2020 1:56:12 PM PDT by CharlesWayneCT
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To: Diana in Wisconsin

It was a liquidity crunch and margin calls and other things..and some of what you said, too

Waiting to see the fall out of what trading desks lost a fortune this week or went belly up.

Oil has really killed some people


35 posted on 03/13/2020 1:58:16 PM PDT by RummyChick
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To: Kid Shelleen

It was a beautiful thing to watch the ticker show the market rebound during President Trump’s press conference. Free market capitalism is a powerful force.

Pound sand Bernie!


36 posted on 03/13/2020 1:58:56 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: RummyChick; All

See my Post #30.

Again, DIVERSITY is your FRIEND when it comes to investing. Don’t put all of your eggs in one basket.

These past few weeks have been a STELLAR example of the damage that can be done to your portfolio - for little or no reason!


37 posted on 03/13/2020 1:59:15 PM PDT by Diana in Wisconsin (I don't have 'hobbies.' I'm developing a robust post-Apocalyptic skill set.)
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To: Kid Shelleen
This looks to me like a sign that what we've got here is all panic-driven, and investors really want to be in the stock market. One instinct fighting the other.

Reminds me of the time back in my younger days when the old boiler in our utility room started making this god-awful noise. I thought the thing was about to blow, and for just a few seconds I stood there, advancing and retreating; advancing and retreating, terrified that it would blow and thinking at the same time that I had to act.

I finally came to my senses when I looked to see my wife in back of me, laughing her head off.

38 posted on 03/13/2020 2:01:32 PM PDT by Mr Ramsbotham ("God is a spirit, and man His means of walking on the earth.")
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To: CharlesWayneCT

Well if the President of Brazil said that he tested negative it what we will go with...I dont really believe him. His aide and his lawyer have it...

And as for Pence not being tested...either he was and he is not telling us...or he doesnt want to because he would have to tell us

It’s all odd. If I had been around the lawyer and the aide who have it I would want to be tested.

Trudeau refusing to be tested as well even though his wife has it


39 posted on 03/13/2020 2:02:12 PM PDT by RummyChick
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To: Old Yeller

LOL, hand wipes too


40 posted on 03/13/2020 2:02:47 PM PDT by gattaca ("Government's first duty is to protect the people, not run their lives." Ronald Reagan)
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