I think it's the pendulum swinging back toward growth from defensive stocks.
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If a company is going to raise its dividend, they're sure they can continue to pay it.
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I think the bullish case is emboldened by the fact that, despite a lot of reasons, investors just haven't been willing to sell stocks en masse yet, ... Had someone told you 18 months ago that oil would reach 70 a barrel and gas would be 3.00 plus for a gallon, and the Dow Transports would only be 200 points off their all-time highs, you would have never believed it.
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I think the people at Dow would have to acknowledge that there is something to the Internet,
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Most people are willy-nilly with their approach, ... They follow the trends. They buy what is popular. They listen to a hot tip from friends. They don't do much research. But if you are never sure why you buy anything in the first place, then you can get into trouble. ... You need to take the emotions out of it.
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