Sunday, July 24, 2011

Why It's OK to Ignore Bad News

The stock-market tug-of-war of recent weeks reflects a battle between companies making bundles of cash and countries that seem badly short of the same.




In the past several days, sentiment has shifted back and forth as investors have alternated between worries about the U.S. debt ceiling debate and euro-zone debt woes and excitement about strong earnings from companies like Apple, Coca-Cola and McDonald's.

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WSJ