2nd best day ever. Jittery consumers and plunging home prices weren’t enough to keep the stock market in check. In fact, it soared despite them Tuesday as investors bet that share prices have been adequately slashed to reflect such dangers.
The Dow Jones Industrial Average leapt 889.35 points, or 10.9%, to 9065.12, aided by gains in all 30 of its components. The rally was its second-best this month, behind only the 936-point leap on Oct. 13 to break a painful eight-day losing streak.
EDITORS NOTE: The market is adjusted for risk and that’s great, but is anyone willing to stay in the market long enough to force a trend reversal that would give us a bear market rally?