Wednesday Outlook: The Bad News Is the Good News - Seeking Alpha: "Do not pay any attention to bad news. That’s the message from Tuesday's action. Bulls ignored record oil prices and crummy news [a dividend cut and wider loss] from Fannie Mae (FNM). Instead they chose to believe that FNM’s position going forward was strong and they would “feast on” market chaos from new products and, of course, the worst conditions were behind them."
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