Salient to Investors:

Bill Mann at Motley Fool Asset Mgmt said the Fed has decided to reward risk behavior and that is what we will get, so the market will keep hitting new highs until the stimulus reverses itself.

Jan Hatzius at Goldman Sachs said the Fed will considerably increase the probability that the FOMC will reduce its 6.5 percent unemployment threshold for the first hike in the federal funds rate.

The Index of US leading indicators increased 0.7 percent in September, while the median economist predicts a gain of 0.6 percent.

75% of 423 S&P 500 companies so far reporting have beaten analysts’ earnings estimates, while earnings probably rose 4.1 percent in Q3.

Michael Binger at Gradient Investments said we are over the period where the market is lifting all boats and so we have to picks stocks. Binger said economic growth is mediocre, tapering is on hold  and so stock prices follow earnings and earnings continue to grow.

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