Stocks Rise 500+ On Horrible Economic News

Stocks Soar As Covid-19-Soars Also! Where's the Logic?

Now where's the logic in this headline? It doesn't make any sense!

There was some good jobs-related news today, but even that has been called into question.

Stocks Soar On Nothing But Hope

These two stories were the major ones today. Just the hope of a cure for the COVID-19 coronavirus sent the Dow to a close up more than 700 points, despite that the manufacturer of the hoped-for cure, Gilead, indicated that data is not yet sufficient to expect a cure.

Meanwhile, the market ignored economic bad news today that is the worst since World War II:

Top-Notch Investor Says Worst Is Yet to Come for Covid-19

In an article today on Marketwatch, investor Mark Spitznagel tells us that things are going to get much worse for stocks due to the coronavirus. He should know, since he recently achieved a 4,144% return in the month of March. He clearly stated also that the stock market is in a bubble, and that if the Covid-19 pandemic doesn't pop the bubble, something else WILL.
Look out beloooow!