The market is officially insane, with the DOW at 950+ on the day. At least it is in a good direction, but this is still madness.
I am not sure what has changed to make it go up like this- aren’t all the same problems we had last Friday still here today? Yes, governments all over the world are going to rescue the banks, but I fail to understand how a rescue is cause for celebration. Have we not just kicked the can back down the road a few weeks?
Regardless, I will take a rally over a crash any day, but I would prefer some long-term stability.