After weeks of intense market volatility, the Dow Jones exploded more than 1,000 points, as stocks just begin to recover from a Christmas Eve meltdown.
"Investors went bargain shopping the day after Christmas, where stocks just got too cheap relative to earnings, future earnings, any reasonable assessment of earnings," said Chris Rupkey, managing director of MUFG, as quoted by CNN. "The coast is clear, back up the truck, investors are saying enough already, the world is not ending."
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