When sentiment gets really negative on gold and the wall of worry mounts, gold will climb.
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The attitude of the financial press and the individual investors has certainly changed from early January when I felt the market would be Scaling the Wall of Worry.
Stocks are climbing the wall of worry.
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Most of the bricks in the previous wall of worry have been removed.
There are always crevices on the proverbial wall of worry that stocks often climb.
The market does seem to have a new wall of worry just a week after concerns about the economic recovery, and whether the Fed would or would not provide additional quantitative easing, faded away.
As was previously seen with Dendreon, biotech investors are terrified with CMS. Is that a reason to avoid the stock, or a wall of worry for shares to climb?
So summertime is usually not the best time for stocks, but bull markets do love to climb a "wall of worry, " and the bad seasonality is just another brick.
On the other hand, some on Wall Street worry that availability of a gene test to predict response might limit the market for Iressa and Tarceva to only a small minority of lung cancer patients whose tumors have the gene mutations.
With the stock market continuing to climb a wall of worry, focusing on high quality firms becomes ever more compelling.
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This is an effort to dampen the fears of currency traders and investors who are climbing a wall of worry and uncertainty.
Moreover when CEOs get together among themselves to discuss issues of mutual importance, Alan Murray reports in his article, The End of Management in the Wall Street Journal, that what CEOs worry about most is disruptive innovation.
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By the same token, a sharp fall on Wall Street may be less of a worry.
But just as stocks often must climb a wall of worry, so Koizumi's gamble to upset the old LDP order may be the best way--even the only way--to give Japan its next leg up.
Why then did he spend so much time in 2009 on health care, instead of even more time on jobs, more time on Wall Street reform, all the things that people worry about?
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