Stocks jump on hopes for central bank response to coronavirus outbreak

[mystery-ak]

Stocks jump on hopes for central bank response to coronavirus outbreak
by Jay Heflin
 | March 02, 2020 10:19 AM



U.S. stocks rose as markets opened on Monday following a sell-off last week, with the Dow Jones Industrial Average up 0.93%, as investors hoped for a coordinated monetary policy response from central banks around the world to counteract the economic fallout from the coronavirus outbreak.

The S&P 500 and Nasdaq were also in positive territory, 1.16%, and 1.24%, respectively.

Meanwhile, the coronavirus outbreak continues to threaten markets, as infections have been reported on both coasts of the country. Late last week, cases in Washington, California, and Oregon were announced. Over the weekend, cases of the virus were announced in Rhode Island and New York. On Sunday, the second death in the United States was announced because of the virus.

Earlier on Monday, the Organization for Economic Cooperation and Development said that governments need to act swiftly to overcome the virus and its effect on the economy. It projects that global economic growth could fail anywhere from half of a percentage point to 2.4% “and could push several economies into recession.”

https://www.washingtonexaminer.com/news/stocks-jump-on-hopes-for-central-bank-response-to-coronavirus-outbreak

[Applewood]

Dow closed up 1,293 points per CNBC:

https://www.msn.com/en-us/money/markets/dow-roars-back-from-coronavirus-sell-off-with-biggest-gain-since-2009-surges-51percent/ar-BB10BvPg?ocid=spartanntp

But experts are saying the crisis is not necessarily over and the markets could drop again.

[musiclady]

Dow closed up 1,293 points per CNBC:

https://www.msn.com/en-us/money/markets/dow-roars-back-from-coronavirus-sell-off-with-biggest-gain-since-2009-surges-51percent/ar-BB10BvPg?ocid=spartanntp

But experts are saying the crisis is not necessarily over and the markets could drop again.

Up and down for the next few months...

[Cyber Liberty]

Dow closed up 1,293 points per CNBC:

https://www.msn.com/en-us/money/markets/dow-roars-back-from-coronavirus-sell-off-with-biggest-gain-since-2009-surges-51percent/ar-BB10BvPg?ocid=spartanntp

But experts are saying the crisis is not necessarily over and the markets could drop again.

The "experts" managed to force out all the small investors with their induced panic last week, and now that the little people have taken their haircut it's time for the institutional investors to take advantage of the resulting fire sale.  We just saw the bigs take out the smalls.

Follow the money.

[IsailedawayfromFR]

Dow closed up 1,293 points per CNBC:

https://www.msn.com/en-us/money/markets/dow-roars-back-from-coronavirus-sell-off-with-biggest-gain-since-2009-surges-51percent/ar-BB10BvPg?ocid=spartanntp

But experts are saying the crisis is not necessarily over and the markets could drop again.

What 'crisis' are they talking about?

The markets swings all the time and, with the heady heights it came to earlier in the year, it swings more than typical.

The only crisis I know of is those who sold off for losses so other 'experts' can swoop in and buy cheaply.

No one needs to sell off in one week, so steady as she goes is alright instead of some panicking.

[libertybele]

Until there is a vaccine and the MSM stops fueling a panic we're still going to see a lot of volatility.  Perhaps we'll see some large dips which may be buying opportunities.  I personally am staying put for now.