Posted on 03/24/2020 1:46:24 PM PDT by Red Badger
All eyes are on Congress closing in on a much-needed stimulus bill to rescue the economy from the coronavirus damage. The stock market staged a huge turnaround with the Dow posting its best day since 1933. Here’s what happened: 4:40 pm: Investors says one key piece is missing for a bottom
Many on Wall Street believe absent a clear sign that the coronavirus is contained, rallies like the 10% violent upswing in the Dow Tuesday will come and go. “We’re going to need to have to see the infections pass an inflection point,” said Vincent Reinhart, chief economist at BNY Asset Management. The market has received help from monetary policy and looks on its way to aid from the fiscal side, but market experts see no clear path forward without signs the coronavirus is passing. – Li, Cox 4:39 pm: Stocks hit the hardest by coronavirus sell-off soar
Stocks that have been hit the hardest by the coronavirus outbreak, including cruise lines, airlines, and hotels, all jumped during Tuesday’s trading session as investors hope for a stimulus bill, and as President Trump said he would like to have the economy open again come Easter. Norwegian Cruise Line saw the largest jump, gaining 42%. Royal Caribbean and Carnival Corporation rose 22% and 14%, respectively. When it comes to the airlines American was the outperformer, rising 35.8%. United Airlines gained 25%, while Delta Air Lines jumped 21%. Airline maker Boeing gained 20%.Meanwhile, hotel stocks were also on the move, with Marriott jumping 12.8%, while Hilton gained 9.5%. - Stevens 4:30 pm: Market rally by the numbers
Advancing stocks outpaced Declining stocks 2,788 to 242 or more than 12 to 1 on the NYSE
Dow closed up 11.37% for its best day since March 15, 1933 Dow had biggest point gain ever of 2,112.98 Dow is 30.9% below its intraday all-time high of 29,568.57 from Feb. 12
S&P closed up 9.38% for its best day since Oct 28, 2008 S&P had the second biggest point gain ever gaining 209.93 points S&P is 27.88% below its intraday all-time high of 3,393.52 from Feb.19
NASDAQ closed up 8.12% for its best day since March 13 NASDAQ is 24.6% from its intraday all-time high of 9,838.37 from Feb. 19
Gold (APR) settled up 5.95% at 1,660.8 for its best day since March 19, 2009 when gold gained 7.84%, hitting a high today of 1,698 its highest level since Mar 9th when gold traded as high as 1,704.3 Month to date: Gold is up 6.01% Year to date: Gold is up 9.04% — Francolla
I’d be happy to see a real bottom.
Me too... I started moving money back into the market two weeks ago... and watched as markets kept looking for new bottoms. That’s always fun.
At some point you have to believe a year from now - or two years from now - things will be better.
1,113.99 now.................
We prefer the all inclusive resorts. We can do what we want when we want without all the mass of people in a small area. We book outside excursions off the resorts and they were all wonderful. Taking a cruise and the disembarking to go to an Island or area off the boat, you have a specific time to be back then you have to stand in line to get checked back in etc. Husband has really bad back and knees and just can’t stand for long periods of time, etc. Won’t use a wheelchair.
Other then that- just feel like it would be our lock to take a cruise and have a pandemic breakout. Like this year.
My friends love cruises and always go every year. It’s just not for us.
Your trips sound good, but we like to go to cities in Europe, South America, Asia, Iceland etc.....we aren’t beach people.....ugly body!
LOL are bodies are not “great” either and we like the pools. Take a dip to cool off, hit the swim up bar, go back under hut and read, drink, sleep, listen to music and do nothing.
There is only cruise I would love to do and that is the one on TV that goes down the Rhine River, small boat type cruise. Viking I think the name of it is.
We really want to go to Ireland and Scotland someday. We will see.
No...you aren’t.
Well...I’d guess the people that have..IRA’s and such...think it IS a big deal.
The up tick was not a big deal because(yesterday) was nearly a snap shot in time.
There are way to many variables involved to listen too and worse heed any financial advise/OPN’s on a political message board.
Disclosure my retirement fund is down over 250K.
Iam buying ASAP.
Not from info gleaned here thats for sure
We’ve done 3 River cruises on Crystal ....FABULOUS! Great towns, cities....BEAUTIFUL. ..try IT! It’s nothing like ocean cruises.
Whatever....
“Whatever......”
......& bye they way, any one,”in the market” thats freaking out at this time has not properly evaluated their “Risk Tolerance” as it was not for them and they misjudge their “sleep at night” tolerance, aka it is wrong.
They need to reassess &or seek professional assistance to rebalance into that new RT or get out and not get back in as its not for them
Once again...”whatever”.
Good Luck
Luck that is...
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