Salient to Investors:
Wayne Lin at Legg Mason said people are jumping on the bandwagon: earnings are better, economic data is trending good, Washington have got the message that they need to work together.
76 percent of S&P 500 companies have topped analysts’ estimates. The S&P 500 is at 14.9 times reported earnings versus the average of 16.5 since 1954.
Brian Jacobsen at Wells Fargo Advantage Funds said the trend favors the bulls.
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