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Dow Escapes Bear Market With a 6% Rally - The blue-chip index is now up 20% from its low, qualifying as a new bull market
The Wall Street Journal ^ | March 26, 2020 | Caitlin McCabe, Anna Hirtenstein and Chong Koh Ping

Posted on 03/26/2020 2:18:45 PM PDT by abb

U.S. stocks soared higher Thursday as the government came closer to approving a $2 trillion stimulus package to combat the coronavirus pandemic, capping a three-day rally that has pushed the Dow Jones Industrial Average into a bull market.

The Dow industrials finished the day up 1351.62 points, or 6.4%, to close at 22,552.17, launching the blue-chip index back into bull market territory. The jump ends an 11-day bear market for the index—the shortest in history for the index—which reached its bear-market low just three days ago.

The rapid plunge out of, and then back into, a bull market underscores just how volatile U.S. stocks have become as the coronavirus pandemic ripples through economy. The Dow industrials are still down 21% for the year, despite also climbing 21% in the last three days.

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


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: bearmarket; bull; bullmarket; covid19stockmarket; dowjones; economy; fakenews; markets; stockmarket
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To: Mr Fuji

“Would that qualify as a dead cat bounce???”

If the market tanks again then sure this increase would be classified as a dcb. If it continues up without retesting the lows than it is a new bull market.


41 posted on 03/26/2020 3:36:22 PM PDT by billyboy15
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To: Sacajaweau

Trump took the Rham Emanuel playbook and converted it to a no-huddle tempo.


42 posted on 03/26/2020 3:38:49 PM PDT by nascarnation
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To: skimbell

That is the scary part.

I’m ready to go all in, I just need to see that cat survived.


43 posted on 03/26/2020 3:40:53 PM PDT by eyedigress ((Old storm chaser from the west))
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To: Professional

What? No airplane?

Pretty low rent.


44 posted on 03/26/2020 3:41:56 PM PDT by billyboy15
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To: Professional

What? No airplane?

Pretty low rent.


45 posted on 03/26/2020 3:41:56 PM PDT by billyboy15
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To: abb

We need to change the subject. TRUMP HATES BLACKS!


46 posted on 03/26/2020 3:43:32 PM PDT by 17th Miss Regt
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To: skimbell

Shorts are running tomorrow.


47 posted on 03/26/2020 3:46:42 PM PDT by eyedigress ((Old storm chaser from the west))
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To: billyboy15

The meteor analogy involves a likely “all clear” signal. I’m not sure that is how a pandemic works.


48 posted on 03/26/2020 3:47:36 PM PDT by yetidog
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To: Kid Shelleen

“Who knows but I will keep dollar cost averaging until retirement”

a nice conservative strategy ...


49 posted on 03/26/2020 4:00:03 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: dfwgator

“I think they took Trump’s “Back in Business by Easter” to heart.”

totally ... that and the fact that it’s extremely likely that hyroxychorolquine + azithromycin will cure COVID-19, which would mean no medical care system surge and thus no big deal as most people don’t actually appear to get very sick from this virus, and those few who do can be cured pronto, meaning no need for this BS “lockdown” and fascist “cower in place” orders ...

“What happens if that doesn’t pan out?”

we’re totally F-ed anyway in that case ...


50 posted on 03/26/2020 4:04:31 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: abb

MAGABULL strikes again. Tomorrow 25% of the IRA is going HOME....

To the US Stock market.

Bear? What’s a bear?


51 posted on 03/26/2020 4:06:50 PM PDT by Sapwolf (Talkers are usually more articulate than doers, since talk is their specialty. -Sowell)
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To: alloysteel

“dashed in minutes if Nancy Pelosi goes off on another of her “whims” and sabotages the recovery bill that”

doesn’t look probable, though:

“House Speaker Nancy Pelosi on Thursday predicted that the House will overwhelmingly approve the $2 trillion stimulus package with a “strong bipartisan vote” after the measure passed the Senate late Wednesday night.
“I anticipate and feel certain that we will have a strong bipartisan vote,” Pelosi said, touting the changes Democrats were able to secure in the final package.
LIVE UPDATES: Coronavirus pandemic changes way of life
The House is on track to vote on the package on Friday. House Majority Leader Steny Hoyer announced on Wednesday evening that the House will convene at 9 a.m. ET on Friday to consider the relief package.

The legislation is expected to pass by voice vote, a move that would allow for the House to avoid compelling all of its members to return to Washington for a recorded roll call vote.”


52 posted on 03/26/2020 4:08:31 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: SamAdams76

“Remember that during the down times, you are purchasing shares at a lower price.”

like right now ... i jumped back in last thursday with big purchases of Royal Dutch Shell, and boy am i a happy camper right now! 30% portfolio gain since then with a ton of remaining upside, plus locking in 17% trailing dividend yield ...


53 posted on 03/26/2020 4:10:33 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: wny

Good Lord, how do you play a market like this without removing ones nut sack? I was going to buy a Financial here in Canada but couldn’t pull the trigger. Was also eyeing some natural gas plays, but just couldn’t do it.

You have to be so quick.


54 posted on 03/26/2020 4:20:40 PM PDT by Sam Gamgee
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To: Bon mots

Could be. What is strange is the honesty lately from Goldman Sachs. They have been talking this economy down. Not like them at all.


55 posted on 03/26/2020 4:21:30 PM PDT by Sam Gamgee
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To: catnipman

Crap you are brave. I was looking at Imperial but couldn’t pull the trigger. The safe play is to wait until a bottom is formed. You played it the risky way and won.


56 posted on 03/26/2020 4:22:43 PM PDT by Sam Gamgee
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To: wny

“Dow bottoms at 10000 or less before this bear market is over.”

how do you know it doesn’t “bottom” at 15,000, 14,000, 13,000, 12,000, 11,000, or 9,000? Is 10,000 what your “model” is telling you, or did you just pull 10,000 out of your butt and your prediction is worth about the same thing as the other stuff that comes out of your butt?


57 posted on 03/26/2020 4:28:27 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Old Yeller

“Drudgereport is going into hysterics trying to bring the country down with fearmongering.”

it’s not going to work, though ...


58 posted on 03/26/2020 4:29:02 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: albie

don’t forget RDS ...


59 posted on 03/26/2020 4:29:34 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Bon mots

“The smart money herds the sheep back into the market then exit fast. “

this smart money bought RDS last week at its 26-year low and locked in it’s trailing 17% dividend yield at the price i bought it at ...


60 posted on 03/26/2020 4:31:28 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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