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.
Thanks Tim!
Dow up around 1,600 not far from the highs at 12:38pm.
Dow up 1,300+
https://www.fool.com/investing/2020/03/23/federal-reserve-pledges-unlimited-quantitative-eas.aspx
Dow +1,400
+2,000 for the Dow. Nice bounce today.
Today's % gain of the Dow of 11.37% is the highest since 1933!!
Largest daily percentage gains[5]
Rank | Date | Close | Change | |
---|---|---|---|---|
Net | % | |||
1 | 1933-03-15 | 62.10 | +8.26 | +15.34 |
2 | 1931-10-06 | 99.34 | +12.86 | +14.87 |
3 | 1929-10-30 | 258.47 | +28.40 | +12.34 |
4 | 1932-09-21 | 75.16 | +7.67 | +11.36 |
5 | 2008-10-13 | 9,387.61 | +936.42 | +11.08 |
Thanks Larry.
Great to read ya!
Thanks and you're welcome, Mike.
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.
Dow +900 just after 1pm.