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 ...
“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.
Trump took the Rham Emanuel playbook and converted it to a no-huddle tempo.
That is the scary part.
I’m ready to go all in, I just need to see that cat survived.
What? No airplane?
Pretty low rent.
What? No airplane?
Pretty low rent.
We need to change the subject. TRUMP HATES BLACKS!
Shorts are running tomorrow.
The meteor analogy involves a likely “all clear” signal. I’m not sure that is how a pandemic works.
“Who knows but I will keep dollar cost averaging until retirement”
a nice conservative strategy ...
“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 ...
MAGABULL strikes again. Tomorrow 25% of the IRA is going HOME....
To the US Stock market.
Bear? What’s a bear?
“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.”
“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 ...
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.
Could be. What is strange is the honesty lately from Goldman Sachs. They have been talking this economy down. Not like them at all.
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.
“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?
“Drudgereport is going into hysterics trying to bring the country down with fearmongering.”
it’s not going to work, though ...
don’t forget RDS ...
“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 ...
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