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Stocks closed well off their highs on Wednesday, but still managed to end the day with decent gains. The Dow gained 76-points while most of the major indices gained about a half of a percent.

Better than expected earnings from a couple of large banks and Intel rallied on a solid report. The thing is, when expectations are low, it doesn't take much to impress investors. We recently talked about "sell the rumor, buy the news", or as I saw in Reuters ...