Jim Cramer: The Birth of a Market Bottom, Part 4 Fed chief Jay Powell wasn't going to let Covid-19 bring down the U.S. economy on his watch, and a legion of small investors profited from his determination. Stocks quotes in this article: TSLA, AAPL, NFLX A year ago this week the stock market was hitting new highs and it was all aboard. Buyers had all but ignored the so-called Wuhan virus and were buying pretty much everything in sight given the strong earnings just reported during an excellent reporting season. Underneath, though, there was a story simmering that would cause one of the swiftest bear markets in history.