The Dow just entered a bull market by some measures — but it sure doesn’t feel bullish on Wall Street

The bull market is dead, long live the bull market.

By some accounts, the Dow Jones Industrial Average

DJIA, +6.38%

  just entered a new bull-market phase, killing the 11-day-old bear market. To some market participants that notion may, indeed, feel like a lot of bull.

It may be somewhat disingenuous to refer to the recent moves of a frenetic market as genuinely bullish, coming after the carnage that has been wrought at least partly by the coronavirus outbreak that appears certain to ravage the U.S. economy over the next several weeks and months — at least temporarily.

Read: A record 3.28 million Americans applied for unemployment benefits last week due to coronavirus

According to Dow Jones Market Data,…



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