S&P 500 = 1285

Today is a busy day for me so I’m not doing much posting, but I will note that it’s another good day for stocks. The S&P 500 is up to 1285 which is another two-year high. The Buy List is also doing well and we just broke through the 4% mark for the year.

The strength today seems to be coming from financials. JPMorgan Chase (JPM) will soon give us a better read of what’s going on. As I’ve said before, I’m expecting a big earnings beat. The Street expects 99 cents per share. I think they’ll report $1.10 or more. The earnings call is scheduled for Friday morning, so the press release may come as early as Thursday after the closing bell.

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Posted by on January 12th, 2011 at 1:10 pm


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