The gain was tiny, but it doesn’t matter. After trading listlessly, with indices under water most of the day, stocks ended up yet again.
The bulls are truly putting on a clinic of consistency and resolve.
Again, we’re not talking about huge gains here. The S&P 500 was the big winner, gaining .30% and the Dow was up just 15 points. But we’ll take it.
As we discussed this morning, the bullishness has become “infectious,” as a combination of rising stocks, improving sentiment, not-utterly-horrendous earnings and increases year-end estimates from analysts are conspiring to create a positive upward cycle.
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