Quote:
Originally Posted by Slava
Thought that I’d take a quick moment to note the historic market we saw today. I honestly can’t imagine we’ll ever see a day like that again. Big, blue chip companies shooting up to double digit or high single digit gains in a single day. Many companies have an entire year of returns. It’s really remarkable. While some like the cruise lines and airlines are sort of expected (though a 30-40% gain is still a lot!), companies like JP Morgan, Visa, Bank of America and many others also participated in significant jumps.
Canada was also along for the ride. Air Canada, a lot of energy companies and others rose on the day.
Like I say, my opinion is that this is a remarkable event. When you have these enormous companies rising by these amounts, it’s definitely not routine!
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Yeah, that was a nice surprise. I definitely lightened up on some "risk on" names.