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Back From Dead or Dying Gasp? Bulls Wonder What Next After Rally

  • S&P 500 surges most since March 2009, Dow adds 1,080 points
  • Stocks fell to brink of bear market before midday turnaround
Bloomberg business news
Investors React to Biggest U.S. Stocks Rally Since 2009
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Bludgeoned for weeks, a bull market is left for dead, its fate seemingly sealed as session after session of red ink show no sign of letting up. Suddenly, at the last second, a rally -- death is averted -- the obituaries go back in the can.

Dec. 26, 2018? Who knows. But such a scenario has played out twice in the past, once in 1998, and again in 2011. So while Wednesday’s momentous surge in U.S. stocks is already bringing out the skeptics, history shows that not every miracle resurrection is a dead cat bounce.