The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( ETF Expert) -- In my Oct. 27 commentary, 3 Reasons Stock ETF Investors Should Continue To Tread Lightly, I pointed to the fact that the monthlong stock surge had not come from the spectacular earnings season; in fact, the average return for individual securities on the session following a third-quarter earnings report was -0.21%, suggesting that the entire October run-up emanated from enthusiasm for pan-European cooperation.
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