Jones Soars On Hopes The Fed Can Save The Stock Market UP 1,293,...

Jones Soars On Hopes The Fed Can Save The Stock Market UP 1,293, highest daily increase ever!!
Investors may be buying this stock market dip for the wrong reason. | Source: AP Photo/Richard Drew
The Dow Jones surged nearly 700 points on Monday on hopes of emergency stimulus from G7 central banks to combat the “coronavirus crash.
”Despite Wall Street optimism, analysts are concerned about whether a rate cut from the Fed can truly help the economy.ISM manufacturing came in weak, and economists expect it to get even worse.
The Dow Jones rallied aggressively on Monday, as a deeply oversold stock market rebounded on burgeoning hopes of coordinated central bank easing.
Dow bulls are rabidly pricing in a sizable cut from the Federal Reserve, but multiple analysts warn that an interest rate reduction may be impotent to buttress a stock market plagued by a health crisis.Dow.

Classic example of treating the effect and hoping the cause goes away?