Salient to Investors:
Chad Morganlander at Stifel Nicolaus said people listen when Warren Buffett does a deal, and a gradual improvement in the US economy combined with very low volatility in financial markets makes the perfect cocktail for M&A.
The S&P 500 is 15 times earnings in the past year, the highest multiple since July 2011. 74 percent of the 393 S&P 500 companies so far reporting Q4 earnings have beaten estimates.
Jeff Morris at Standard Life Investments said it’s important we need continued better news that the US economy is recovering to take the market higher.
Read the full article at http://www.bloomberg.com/news/2013-02-15/s-p-500-advances-for-seventh-straight-week-amid-deals.html
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