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As we have seen for weeks now, a bear market gives us the most explosive rallies. You rarely see a 3, 5, or 7% rally in a trending bull market. So what did the action tell us? It tells us that we are still in a bear market. Does it mean we are exiting the bear? It's way too early to say, and it shouldn't be that easy. The Dow gained 1627-points or 7.73% as investors became more optimistic about the trend of the coronavirus stats.

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Originally Posted by James48843

Originally Posted by blueroadster

Decided to roll the dice. Order for 6k shares of SPXU @ 21.75 has been filled.

This is what we've come to.

Betting on whether tomorrow's dead body count goes up enough to spook the stock market.

Sigh...

So, for the last three weeks, we've all been waiting with baited breath to see what the daily numbers are going to be. The dreaded Coronavirus has arrived, and it's companion, the illness now known as COVID-19 disease, has begun to wrap it's ...

The much weaker than expected jobs report (-701,000) took its toll on stocks on Friday and the Dow, which actually went positive in early trading, drifted lower for most of the day and closed down 361-points despite a late move higher. Small caps lagged, bonds were up, and oil had another big day after the agreed upon cut in production.

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The bears resurfaced this week after resistance, jobs report, and the oil war put a cap on the bull's recovery attempt. Investors had jumped back into stocks the previous week after stimulus was passed by the lawmakers, but that excitement faded as job numbers were being realized and unemployment and jobless numbers were greater than expected. The 701,000 jobs lost in the March jobs report was the first net job loss since 2010 and unemployment jumped to 4.4%. But the staggering realization was that ...

US payrolls drop 701,000 in March, the first jobs decline since 2010

Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that begin to show the economic damage wrought by the coronavirus crisis.

It was the first decline in payrolls since September 2010.

The unemployment rate rose to 4.4% as employers just began to cut payrolls ahead of social distancing practices that shut down large swaths of the U.S. economy

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