Dow Posts Longest Weekly Rally Since October on Jobs Data – 08-03-12

Salient to Investors:

Longest weekly DJIA rally since October, led by tech.

Mark Freeman at Westwood Holdings says the market gets disappointed when it falls into the trap of not getting what it expects from the central banks – the fundamentals are what matters and they are doing OK.

James McDonald at Northern Trust said the U.S. economy is plodding along and not going into a recession. Draghi is clearly working towards further intervention to help support the European Monetary Union.

Bloomberg estimates 73 percent of S&P 500 companies reporting quarterly results have beaten estimates, while 59 percent missed sales missed estimates.

Read the full article at http://www.bloomberg.com/news/2012-08-03/dow-posts-longest-weekly-rally-since-october-after-jobs-report.html