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the dow stocks getting a bid is a negative for the market not a positive one.

I had been thinking why these stocks are getting bought given the not so rosy macro environment.

Nothing more than the lowly dividend yield. 2-4% doesn't look so bad at this point given the money markets so they will stay at these loftly levels until rates rise or percieved risk increases.

That is a negative for the market because if people are willing to take on the sizable risk for paltry returns, it is the sign of a market that is too risk seeking.
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