Salient to Investors: Author Mark Leibovich writes: Washington works extremely well for its most important citizens, the lobbyists. Money has trumped power as the ultimate currency. Atlantic magazine reported in 1974 that only 3 percent of retiring members of Congress became lobbyists. Today, that number is 42 percent for members of the
READ MORE... →Salient to Investors: Brad Sorensen at Charles Schwab said the economic numbers are holding up really well, and housing rebounding will continue, feeding into consumer confidence. 74 percent of S&P 500 companies so far reporting quarterly results have beat estimates. The index is at 14.8 times reported earnings versus the average
READ MORE... →