Thursday, stocks were having a good day yesterday then at 3:30 the market caught fire and tagged on another 200 points.
Mortgage applications indicate new purchases are strong. Refi's have slowed.
The attached article gives an idea of just how much damage the economic shut down has done to corporate earnings. Pull quote from the article, "A retesting of the March lows in the equity market is a probable outcome."
American Airlines announces more cuts an