Dow soars 600 points as stock market bounces back

[oberliner]

Source: CNN

Markets rebounded sharply from a disastrous Christmas Eve.

The Dow rose as much as 600 points Wednesday. The S&P 500 rose 2% and Nasdaq was up about 3.1%.

Wednesday was a rare respite from a very rough month for investors. The Dow was on pace for its best day of the year, but the stock market remains poised for its worst December since 1931.

"Investors went bargain shopping the day after Christmas, where stocks just got too cheap relative to earnings, future earnings, any reasonable assessment of earnings," said Chris Rupkey, managing director of MUFG. "The coast is clear, back up the truck, investors are saying enough already, the world is not ending."

Read more: https://www.cnn.com/2018/12/26/investing/stock-market-today/index.html

[John Fante]

1. Couldn't run to your laptop fast enough to post this, huh?

Lol

[oberliner]

2. It is a huge relief

Retirement funds were taking a beating.

Hopefully others are pleased by the good news as well.

[Fullduplexxx]

4. As i have money in it i'd rather it go up

[oberliner]

5. Almost up 700

Here's hoping for a nice, sustained rally!

[John Fante]

6. It's good news for Trump and the MAGAts, but I'm sure

that didn't play a factor in you posting this here.

[oberliner]

9. It's good news for anyone who has money in retirement accounts

In terms of Trump and the "MAGA" people - they spin whatever happens as good news for them and blame anything bad on the Democrats.

[Fullduplexxx]

12. It IS good news to me and im neither trump nor a magat

[Fullduplexxx]

24. Oh i did t know ... that poster is a trollie mctrollerson?

[oberliner]

25. No, the poster is happy the stock market is up

As most reasonable people are.

[mahatmakanejeeves]

17. I had started a thread on this as well, unaware that oberliner's thread existed.

Please add me to your list of designated traitors.

Thank you.

[onenote]

13. Some of us are pleased.

Others think nothing of retirees taking a hit.

[oberliner]

26. Yes, most of us don't want the stock market to collapse

[former9thward]

20. Not as fast as those who post when it goes down.

[xor]

32. Stocks going up is often times a good thing for a lot of people.

I hope you're not hoping for a stock market crash because of the idiot who is in the white house at the moment.

[MFM008]

3. yes

this solves all his problems.....

[modrepub]

7. Dead Cat Bounce

Not sure what has fundamentally changed either side of Christmas. Those liking market volatility are going to be the winners in this type of gyrating market.

[oberliner]

11. Bargain hunting maybe?

[modrepub]

18. I stand corrected

Trump leaves country, Dow up 1,086 points!

[ffr]

8. 5 day & 1 month trends are still decidedly downward.

The most you can take from today's buyback, is that the market is still volatile, much like the market was in 2007.

Remember then?

[oberliner]

10. Those were scary times

Still - an up day is better than a down day.

[Mosby]

15. its up 1000 points now.

[oberliner]

27. Huzzah!

Here's hoping it stays strong.

[Mosby]

29. it would be great if we could get rid of trump

Without tanking the stock market.

[oberliner]

30. We can in 2020

[mahatmakanejeeves]

16. Stocks wipe away historic Christmas Eve meltdown with a huge Boxing Day bump

Stocks wipe away historic Christmas Eve meltdown with a huge Boxing Day bump

Dow up more than 400 points as stocks attempt rebound from Christmas Eve meltdown

Published: Dec 26, 2018 1:25 p.m. ET

By WILLIAM WATTS
DEPUTY MARKETS EDITOR

BARBARA KOLLMEYER
MARKETS REPORTER

Strong gains for shares of beaten down retailers and energy companies fueled sharp gains for stocks Wednesday as Wall Street attempted to bounce back after the worst Christmas Eve performance in history left the S&P 500 and Dow Jones Industrial Average on the cusp of a bear market.

Equities closed early in an abbreviated session Monday and were closed Tuesday for Christmas Day.
....

MarketWatch keeps changing the headline.

The DJIA is up over 1,000 points now (4:00 p.m.).

Dsiclaimer: stocks could do this again tomorrow, or maybe they'll do just the opposite.

I haven't any idea.

[Maxheader]

19. Sell!..Sell!..Sell!..Sell!..Sell!..Sell!

Won't last while herr hitler is running the show...

[onenote]

21. The best place to turn to for investment advice

is not DU.

[oberliner]

31. Well said

[EarthFirst]

22. Stocks soar as Trump leaves country n/t

[BumRushDaShow]

23. Dow closed +1,086.25.

I know I had previously posted that the big investors would probably try to keep the (Dow) market away from the psychological "~19,000" barrier (i.e., the inauguration day 19,827.25). It was about 330 or so points away from bear territory as of the Monday early close. They have about 2.5 working trade days left...

[democratisphere]

28. Up today. Down tomorrow.

Yeah, the alternative facts economy is really stable!

[IronLionZion]

33. Volatility is here to stay

expect whiplash from the wild ups and downs in the stock market for a while

Best to be broadly diversified during these times and not make any impulsive decisions. I've seen coworkers get up and leave during training so they can make trades. It's insane.

[Hugin]

34. The dow goes up 4.68% and the nasdaq 0.11%

Yeah, this is real.

Maybe if only DOW and S&P listed stocks are selectively bought.