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© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Stocks surge on new virus measures; Dow up 1,985 points
By ALEX VEIGA and DAMIAN J. TROISE NEW YORK©2024 GPlusMedia Inc.
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fxgai
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.
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.
kurisupisu
Free money buoys stocks whilst consumers go into hibernation!
its a miracle...
fogetti
That is some fine insight into the sophistication of these pundit's expertise.
mmwkdw
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) ...
bass4funk
That speech helped a lot. Let’s hope the confidence continues.
Tora
Dead cat bounce.
Strangerland
Probably.
Chip Star
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.