An extreme event, the Coronavirus pandemic, has spawned other extremes. The pandemic ended the longest bull market in U.S. stocks but with the shortest bear market and a substantial recovery. The largest quarterly decline in real U.S. economic activity was followed by the largest quarterly increase in activity. An historically low monthly unemployment rate was quickly succeeded by an historically high monthly rate. While the course of the pandemic will be turned in time by medicine, the more immediate turns in economic activity and financial markets were a function of timely and substantial policy responses. A review of their impact can provide perspective for investing yet ahead.