Holding the line

The fact that the market held its own yesterday has to be mildly encouraging.  In the most recent past, big rallies were almost always followed by big give backs the next day.  Many stocks are probably still undervalued, but it's hard to get very excited about the general market with the media still spreading doom and gloom.  It was notable that on Tuesday as the market soared the like of Alexis Glick were still offering the caveat that it's " just one day".  Sentiment still seems too negative to sustain a big rally, but at this point I'll take anything that I can get.

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