Most meaningless market move yet

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Regular readers are well aware that Barbara and I really hate assigning deep meanings to daily stock market movements, and when we are pressed into doing so by our editors we usually respond by writing about volatility.

But today’s 889-point rise in the Dow really takes the cake. There is no plausible explanation for why the market just did that, other than that everybody is extremely confused right now, so pretty much anything can happen.