The Dow Jones Industrial Average .DJI wrapped up its strongest three days in nine decades on Thursday as record weekly U.S. jobless claims came in below investors' worst fears and the focus stayed on an unprecedented $2 trillion stimulus awaiting approval by the U.S. House of Representatives.
The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index’s strongest three-day percentage increase since 1931.
Strongest since 1931!
I tried to research back...... looks like it might have been in November 1931 when the Dow went from roughly 100 to roughly 118 (18%). SEE BELOW
And that was back in the midst of an utter mess with the Great Depression going on.
Definitely not a point in American history we want to re-live.
Grace & Peace & Love to you all -
Matt
