Nice rally in equities and many markets..
10 responses | 1 like
Started by TimNew - March 24, 2020, 10:14 a.m.

Its as welcome as a rainstorm during a drought...   A reaction to the potential passage of the stimulus.

But the drought ain't over and the stimulus won't end it.   Don't know how much more selling there will be,  but I doubt we've seen the lows.

I've not changed my position on the eventual recovery.   It will be BIG.   But we are not there yet  IMO.

Comments
By metmike - March 24, 2020, 1:38 p.m.
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Thanks Tim!

Dow up around 1,600 not far from the highs at 12:38pm.

By metmike - March 24, 2020, 2:19 p.m.
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By metmike - March 24, 2020, 2:22 p.m.
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Federal Reserve Pledges Unlimited Quantitative Easing to Keep Markets Functioning

                               

The Fed's previously announced $700 billion asset-purchase program is now just the first installment in what will be a much larger effort.


https://www.fool.com/investing/2020/03/23/federal-reserve-pledges-unlimited-quantitative-eas.aspx


Dow +1,400

By metmike - March 24, 2020, 2:36 p.m.
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By metmike - March 24, 2020, 4:09 p.m.
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+2,000 for the Dow. Nice bounce today.

By WxFollower - March 24, 2020, 4:16 p.m.
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Today's % gain of the Dow of 11.37% is the highest since 1933!!

Largest daily percentage gains[5]

RankDateCloseChange
Net%
11933-03-1562.10+8.26+15.34
21931-10-0699.34+12.86+14.87
31929-10-30258.47+28.40+12.34
41932-09-2175.16+7.67+11.36
52008-10-139,387.61+936.42+11.08

 

By metmike - March 24, 2020, 4:20 p.m.
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Thanks Larry.

Great to read ya!

By WxFollower - March 24, 2020, 4:23 p.m.
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Thanks and you're welcome, Mike.

By metmike - March 25, 2020, 1:54 p.m.
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Dow up another 1,200 here early afternoon on Wednesday.


COVID-19 new infections on Tuesday,  dropping to 2,000 less cases reported from the previous day has been a big plus.

                *Tracking the Coronavirus-TUE numbers at the bottom            

            

                25 responses |          

                Started by metmike - March 14, 2020, 11:49 a.m.            

https://www.marketforum.com/forum/topic/48892/

By metmike - March 25, 2020, 2:10 p.m.
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Dow +900 just after 1pm.