To quote from our Monday blog post (when the Dow was trading lower by 400+ points):
“Look for further outsized moves in both directions; make no mistake, any good news related to the virus will see the bulls swoop in in a hurry.”
Here’s this morning’s action (boxed in green) immediately following the World Health Organization giving the green light for “trade and travel” amid what they officially labeled a “Global Health Emergency.”
That was good for 250+ points on the Dow!
Also quoted from our Monday message:
“Nothing here — at this point — exacerbates (or allays, if/when the market comes roaring back) the longer-term concerns/issues we’ve been discussing herein.”