Well, isn't that something: the stock market rose over 2000 points yesterday, the largest one -day advance in its history. What is going on? Why the bounce? A new vaccine? No. A new gold discovery? No. A new oil field found under the White House? No. But, almost. Congress is ready to ink a new financial relief law that will inject 2 trillions into the economy in many different forms. How much is 2 trillions? Nobody can comprehend that amount. It's next to impossible. That's why so many economists believe it's a waste; it won't accomplish what it is intended to do, and it will only help a limited number of working and unemployed folks who need assistance.
But investors(mostly institutional types) thought the move is wonderful, that it will save companies, even among those losers whose companies should fail no matter the pandemic. Brokers and investors love the volatility, love the action, love the profits, buying and selling. There are opportunities every minute of everyday. Churning, churning, churning. Those little percentages start adding up-1/2 of 1/2 of one per cent. Pretty soon there's lots of dollars in the black column.
So enjoy the ride: it's unique.
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