by Rick Ackerman
The buy-the-dips mentality has become so entrenched over the last few months that it’s hard to imagine what could possibly derail the bull market. Wall Street feigned mild concern for a few hours over the spread of a deadly virus in China, but absent news that Americans are keeling over dead from it in their back yards, we can expect the broad averages to forge ever higher. The uptrend has been so relentless that it has come to practically guarantee a quick return for any investor who jumps aboard on a given day. In no instance during the last three months has any bull suffered a third straight day of losses. A strategy as simple as buying the S&Ps whenever they are trading lower for a second consecutive day has been a spectacular winner.