NEW YORK (AP) -- Stocks staged a late afternoon rally after spending most of the day weighed down by an unexpected rise in the unemployment rate. Indexes wound up closing higher for the third straight day.
YAWwWnn. Why wouldn't stocks go up and continue going up? We're in a bull market. Even though the masses are still scared of the market, it'll continue to go up and as it skies ever higher, Joe Sixpack will bite his lip and stomp his feet as the DOW roars towards 18,000 in the next few years. I've addressed this before but it bears repeating because memories are short and I'm right on this. Could there be a chance that we're not in a bull market? Nah, erase that thought from your mind. The bear is slovenly because he's eaten well and a fatted animal is lazy and apathetic.
My advice is simple, buy the dips but don't sell the rips. In fact, keep buying the dips and hold the line. Hold on like you've never held before because there's gold in them thar hills and the adage of "buy and hold" is swinging back into fashion.
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