Friday, March 20, 2020

DOW CLAWS ITS WAY BACK ABOVE 20,000

by Bob Walsh

The Dow Jones Industrial Average gained a bit less than 1% yesterday, closing a tad above 20,000. It is WAY too early to say that this is the bottom of the market, but it is possible that the floor at 20k might hold. Maybe.

It now looks as though some of the treatment drugs MAY work and testing on a vaccine is moving ahead as quickly as can be reasonably hoped for.

I went shopping yesterday and manged to find bread, potatoes, pasta, meat and bananas. Pickings were slim but they were not zero. Does this mean that people are getting their heads out of their asses? Maybe, just maybe, yes.

1 comment:

bob walsh said...

It didn't hold above 20k. It isn't the end of the world, but it is irritating.