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Bulls and bears both can’t be right on stocks — so here’s who’s right (for now)

The bull market is still with us in large part because earnings are good.

Investors have many reasons to be cautious on stocks. Yet many are stalwartly bullish. Naturally, I have friends on both sides of the debate, people with deep knowledge and experience.

Problem is, they can’t all be right. The stock market will move up or down (or possibly sideways), and some of us will be wrong.

Now, let’s see what the bulls have to say.

Dow Theory is still bullish

Longtime readers know how much I admired the late Richard Russell, editor of “Dow Theory Letters.” Richard stuck to his methodology despite his own misgivings.

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