Don’t Fight the Tape

Yesterday’s huge market move was a very welcomed resprite from the depressing days of the past several months.  Earnings have been coming in better than expected for lots of companies which has been a major factor in getting the market moving in an upward direction.  A new sense of optimism seems to being spreading on Wall Street that the worst may be over.  An old Wall Street expression says "don’t fight the tape".  Probably good advice this morning.

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