Market Bounds Back

After last week’s crash and burn it was a refreshing change to see the numbers today. In true see-saw fashion, the Dow, which just merely days ago was going through its worst week in history, rocketed to 9,387.61. Up 936.42 points, the biggest gain the Dow has ever experienced. Similarly the Nasdaq composite index was up 194.74 points, and the S&P 500 index made its way upward by 104.13 points. It lends truth to the adage what goes up must come down, or rather the other way around. Will it stick? The proof will come tomorrow, when the US bond market reopens after closing in observance of Columbus Day today, and investors find out whether the credit markets are still frozen. But I’ll take today over any I’ve seen these past few weeks. Even if it’s just a tease.