ROCHESTER, MN (KTTC-TV) -- After days of down-trading, the market was likely to go up, but no one predicted it would go up like it did on Monday.
The Dow Jones soared 938 points to 9,389 points.
That shatters its previous one day record of 499.
However, back and forth trading is likely to continue as Wall Street battles a crippled financial system and a struggling economy.
The financial advisers KTTC spoke with say people should hold on to their stocks.
This would not be the time to sell, because the market, as we saw Monday, can be so volatile, so quickly.
About 95-percent of stocks on the New York Stock Exchange grew on Monday.
"But it doesn't mean we are out of the woods yet," says Doug Thompson whose spent nearly 30 years as a financial adviser with Heartland Money Management.
He says you can't ignore last week's crash, but you should also keep Monday's market boom in perspective.
Thompson says, "The most important thing is to stay invested and stay diversified, even in a time like this."
Thompson says the market is undervalued right now, which creates opportunity.
He says, "It's not only a good time to buy, but a good time to invest on a systematic basis for those that are pre-retirement."
Mark Winbush, a Breneman Winbush and Associates partner says the Dow was down about 40-percent for the year as of Friday, and Monday's big bounce doesn't mean move around the portfolio just yet.
Winbush says, "I think if we recover about 25-percent from Friday, that's a great opportunity to start selling some of the holdings and reposition the portfolio for a greater opportunity. But if you are fully invested right now, I don't think it makes sense to lock in losses so you can chase something else."
Both advisers agree that Monday's action shows buyers' confidence, but the state of the market is still unpredictable.
When the market crashed in 1987, losing around 1,000 points in just two months, it took roughly two years to get the market back to a new high.