We are seeing heavy volume on the up days and light volume on the down ones.

The recent stock market advance is broad-based with excellent participation from categories that have not been at the forefront for a long time.

More and more individual companies are breaking out to the upside. So what happened to all of the concerns weighing on the stock market at the beginning of this year?

Investors have obviously concluded that the negativity was overdone. The world’s economy is not going into the tank. The financial system still works and there are bargains to be had.

Many good solid companies pay dividends that are very attractive for even cautious and conservative investors. So now trends have reversed and buying is in. Silly, isn’t it, but it’s always been this way. Stay steady, my friends.

The Lonely Bull