Climbing a Wall of Worry

As regular readers know I have been very bearish on the stock market for some time now, but that opinion is in the process of changing.  Despite terrible earnings from American Express and Apple the market is behaving pretty well today.  Of course, the decline in the price of oil is helping, but the fact that the market is overcoming a wall of worry makes me believe that the worst may be over and while not totally out of the woods stocks may stabilize here and even mount a sustainable rally. 

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