Wall Street is making history right now. We've seen some of the biggest drops ever, but we've also seen just how explosive the gains can be.

I'm confident that the market has a lot more records to break in the coming months. And unlike some of the gloomy milestones we've seen in the past several weeks, investors could set a new standard for profits.

But before I make the case for why this is, let's take a look at a few of the numbers that caused jaws to drop in the last month:

• The Dow saw its worst week ever from October 6th to the 10th, losing more than 18%. Even scarier was that the week was part of a larger eight-day decline that dropped 22%.
• The market turned around quickly on October 13th in the biggest buying party in history, with all major indexes up more than 11%.
• After standing pat for a day, the bottom fell out on October 15th, when the Dow and S&P suffered their second-worst declines ever. The drops of more than 9% were behind only Black Monday in 1987.
• On October 28th, the day before the Federal Reserve's meeting,  investors around the world breathed a sigh of relief as stock markets staged a long-overdue rebound from the sell-offs of the past several weeks. The Dow closed up 10.9%, or 889 points, the second-largest single-day gain in history.

I'll be the first to admit that there are a host of challenges still ahead for the U.S. economy. But if you look past the unsavory headlines, there are signs of recovery taking shape.

Believe it or not, the government's massive intervention wasn't all for naught. The credit markets are beginning to thaw thanks to all the liquidity the Federal Reserve, the ECB and other central banks have injected into the global banking system.

As a result, LIBOR rates have fallen, which indicates that banks are slowly starting to trust each other again and are less afraid to lend freely.

So the dust is officially settling, but what does this mean for investors?