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Howard Gold’s No-Nonsense Investing: It’s time to sell into rallies, bear market or not

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Investors returned from the long Thanksgiving weekend still hungry, not for turkey but for more shopping — and stocks.

Retail sales on Cyber Monday were set to hit all-time highs, following record-breaking sales on Black Friday. That sign of consumer confidence spilled over into equity markets: The Dow Jones Industrial Average DJIA, -0.28% and the S&P 500 index SPX, -0.05% both surged 1.5% Monday, while the battered Nasdaq Composite index COMP, +0.03% jumped by 2%.

And yet Monday’s big news was a call by Morgan Stanley’s chief U.S. equity strategist Mike Wilson that U.S.

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