According to most Christian commentaries, this passage addresses the First and Second Coming of Jesus Christ as the Messiah and Savior of mankind. However, most Jewish commentaries reject this conclusion and give the passage a different meaning.
Zechariah 12:10-11 reads as follows:
“And I will pour on the house of David and on the inhabitants of Jerusalem the Spirit of grace and supplication; then they will look on Me whom they pierced. Yes, they will mourn for Him as one mourns for his only son, and grieve for Him as one grieves for a firstborn. In that day there shall be great mourning in Jerusalem…”
The phrase “in that day” gives us the time setting–it is a reference to the time of the end, the coming of the LORD and His reign over this world (note Zechariah 12:4, 6, 8-9; 13:1-2, 4; 14:4, 6, 8-9, 20).
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