Long weekend is latest challenge for whiplashed stock traders

"Some people feel like 'I don't want to be in the market. If bad news happens I can't do anything about it'," said Peter Mallouk, president of Creative Planning, which manages about US$45 billion."I feel the opposite. Going into the weekend, I'm much more comfortable being in the market."

Stocks rose on Thursday, helped by an array of Federal Reserve stimulus measures. The S&P 500 is up 25 per cent since March 23 as government spending kicks in and virus news shows signs of improving. Having watched equities rally each of the past two Mondays and leery of missing out, some investors are piling in ahead of the weekend, afraid to miss out.

Headlines continue to improve, he says, including better data trends in Spain and Italy as well as in New York City and Washington State.

Many people will need to SELL for CASH now. 😥

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