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.
Read the full article at http://www.bloomberg.com/news/2013-01-25/u-s-stocks-post-weekly-gain-amid-longest-gain-since-2004.html
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