Stimulus package coming through could be part of it. The market is black magic. Never ask why things in the stock market happen. They happen as a result of human feelings and emotions. That's why you see the huge, unexplainable swings, irrational decisions, and wrong predictions (even though the reasoning is solid). That's why I am glad I work for a privately held company.
stimulus package - true, but barry is facing republican headwinds, no? I would have thought that small optimistic market blip would happen once the bill was actually about to be signed...
Ya, definitely irrational in the short and medium terms, though I do think the longer term trends are a bit more rational. I try to trade trends rather than short term momentum. Not that I'm all that good at that either, lol.
I wonder what volume is like these last two days. It might just be day traders going back and forth I guess.