Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “However, just because stocks are on a tear after months of declines doesn’t mean the trend is your friend.
“Don’t think stocks are back to their old ways of just chugging along and making easy money,” said Nick Colas, co-founder of DataTrek Research in an interview with Yahoo Finance. “The recent rally is likely due to the end of tax loss selling as we crossed over into the new year”….
Read the full article here on Yahoo Finance!