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Stocks surge on new virus measures; Dow up 1,985 points

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By ALEX VEIGA and DAMIAN J. TROISE

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Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever

a rally that recouped many of the losses from a day earlier.

Outside the full context, that is impressive.

But at the end of the week, the DJIA is approximately 2,000 points below where it was this time a week ago...

So I expect more wild swings next week, with a bias to the downside.

It's certainly positive that Trump finally figured out that this is serious though.

The selling has been so swift and sharp that there remains the potential for a significant bounce after the virus and its impact begin to recede, Detrick said.

Absolutely. I personally invest for the long-term by buying broad indexes, and haven't sold a thing (the thought hasn't even entered my mind). I'm looking to increase my monthly investment amounts for the next few months as even 1 year from now, this event will probably then look like it was a fire sale, and certainly so 5-10-20 years from now.

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Free money buoys stocks whilst consumers go into hibernation!

its a miracle...

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"I don't know" "maybe" "perhaps" "might as well" and "dead cat bounce"

That is some fine insight into the sophistication of these pundit's expertise.

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VIX is at its highest level for years !

Fridays bounce was buying related to thinking given some Government action things are going to be ok from now onwards and stocks look .. cheap...

But wait...

Wouldn't be surprised if we start seeing a massive sell off once the US Markets (which have a domestic retail focus suddenly realize what Home Quarantine means) ...

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So I expect more wild swings next week, with a bias to the downside. It's certainly positive that Trump finally figured out that this is serious though.

Er yeah, that's a really impressive feat for someone who has been president of the United States for the last 3 years. To learn that something is serious long after everyone with a functioning brain already knows.

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Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever — after President Donald Trump declared the coronavirus pandemic a national emergency.

That speech helped a lot. Let’s hope the confidence continues.

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Dead cat bounce.

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Dead cat bounce.

Probably.

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Of course Donny’s speech gave a bump to the market, he floated the idea of bailouts. Too bad it took Donny weeks to admit this situation needed to be taken seriously.

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