Dow 9,387.61 +936.42 (11.08%)
Nasdaq 1,844.25 +194.74 (11.81%)
S&P 500 1,003.32 +104.10 (11.58%)
Wow! What a day. We needed this. Is the stock market giving the finger to the economic crisis, sort of like it gave the finger to 9/11?
No, we aren’t out of the woods yet. The stock market is a reaction and a prediction of what investors think will be happening in the future. However, let’s hope the bottom is in the past and we are on an upwards climb and today’s rally was a sign of good things to come on the financial horizon.
[Update: Today was the largest single-day gain ever for the Dow]