Wall Street’s ‘Bernanke’ rally runs into headwinds
By Michael Mackenzie in New York
Published: January 20 2011 19:03 | Last updated: January 20 2011 19:03
US equities have been on a bull run since late August and early signs from the earnings season suggest there is further to go.
A string of high-profile results in recent days from the likes of IBM, Apple, Alcoa and JPMorgan delivered earnings that this week pushed the S&P 500 just shy of 1,300, a level last seen in early September of 2008, before the collapse of Lehman Brothers sparked the darkest chapter of the financial crisis.
Thursday, January 20, 2011
Not a problem, just fire up the Expectations Generator
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment