Stocks Stage Rebound; Cat-and-Mouse Game Continues Between Bulls and Bears

Is it a bull market? Is it a bear market?

At this juncture, it's a good probability that neither the bull nor bear label is appropriate. At best, one could call the market transitional, or, at worst, confused.

The continuing tug-of-war escalated the past two days as the Dow took a 400-point ride in each direction, ending with a small, 70-point loss to kick off the second quarter.

If none of this makes sense, recall the oft-used quote:

The market can remain irrational longer than you can remain solvent.

Attributed to either legendary John Maynard Keynes or contemporary Gary Shilling, it's worth keeping in mind as markets gyrate. Here is an interesting discussion concerning the quote.

Perhaps John Pierpont Morgan said it best, when asked what the market would do:

It will fluctuate.

Dow Jones Industrial Average April Scorecard:

Date	Close	Gain/Loss	Cum. G/L
4/2/18	23,644.19	-458.92	-458.92
4/2/18	24,033.36	+389.17	-69.75

At the Close, Tuesday, April 3, 2018:
Dow Jones Industrial Average: 24,033.36, +389.17 (+1.65%)
NASDAQ: 6,941.28, +71.16 (+1.04%)
S&P 500: 2,614.45, +32.57 (+1.26%)
NYSE Composite: 12,367.07, +150.36 (+1.23%)