the past week has brought a fine rally in the market. You know the purported reasons: Europe, China, unemployment, consumer confidence, blah, blah, blah. My two cents says the market was ready for it! It had been down long enough. People were discouraged enough. And there were bargains enough. So it’s time to be less defensive, and more aggressive, in particular by seeking out the leaders of this new bull market. Leaders are favored, rather than laggards (which may look cheap) because history tells us the leaders are most likely to be higher in the months ahead. Inertia tells...
