Salient to Investors:
Brian Jacobsen at Wells Fargo Advantage said the Fed didn’t tell us anything we didn’t already know, but sometimes it doesn’t take a lot to push prices around.
73 percent of the S&P 500 companies so far reporting have beaten profit estimates, The S&P 500 trades at 14.97 times reported earnings versus the average since 1954 of 16.4.
John Carey at Pioneer Investment Mgmt said the support for the market remains, with a fairly good stream of earnings – there’s certainly nothing to scare anyone.
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