Dow Jones up 11%
The Dow Jones climbed 936 points, or 11%. You’ll hear this is the biggest point gain ever, but points aren’t the issue. The 11% is, which ranks 4th among single day increases.
No one predicted this. No one could predict this. Don’t listen to any politician on why this happened. They don’t know why, but they will all take credit for it. The fact is tomorrow it could increase by more tomorrow, or maybe completely disappear tomorrow, or somewhere in between. Short-term investing is like playing roulette, so stop paying attention to what has happened in the last two weeks.
Categories: Economy