The stock market is climbing the wall of worry

FUSEX chart

In spite of the many reasons why investors should be fearful, the stock market is off to a good start in 2012. Our benchmark, the Fidelity Spartan 500 Index fund (FUSEX, change: 0.88%), is making slow, but steady gains. FUSEX has moved now decisively above the downtrend line which defined the market direction in the second half of 2011. A strong earnings season and lack of negative news from Europe can reinforce the positive trend in the coming weeks.

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