I did get carried away on Saturday with the stock market rally, adding an extra up day — it was 12 not 13 — but my mathematical mistake aside, the signs are positive for stocks for 2015. However, reporting season, which starts in earnest this week, will have to add to the optimism.
In fact, by the end of the week, we might be able to answer the question: “Can we trust this rally?”
I do but that doesn’t mean that we might not see some profit-taking over the next few weeks. If that happens I will be repeating my post-2009 mantra, which has been “buy the dips.”