With the Dow surging nearly 500 points on Wednesday, investors had just one question – can the rally possibly continue?
By the close, the blue chip index had scored its best one day point gain since March 23, 2009 and wiped out all its losses for the entire month of November.
Investors couldn’t hit the buy button fast enough after a coordinated effort by central banks suggested that world powers would prevent the crisis in Europe from getting too out of hand.
”You don't have to fix everything, you have to be on a path towards fixing things," says Tobias Levkovich, chief U.S. equity strategist at Citigroup in a Reuters interview.
"Markets will reward you for the efforts you are making as long as you are moving in the right direction. You get rewarded when you do the right thing, and you get punished when you do the wrong thing."
So -- are Wednesday’s gains a one-off jump -- or can the rally continue into December?