S&P 500 Caps First Weekly Drop in 2013 on Stimulus Debate – Bloomberg 02-22-13

Salient to Investors:

Brian Jacobsen at Wells Fargo Advantage said the Fed didn’t tell us anything we didn’t already know, but sometimes it doesn’t take a lot to push prices around.

73 percent of the S&P 500 companies so far reporting have beaten profit estimates, The S&P 500 trades at 14.97 times reported earnings versus the average since 1954 of 16.4.

John Carey at Pioneer Investment Mgmt said the support for the market remains, with a fairly good stream of earnings – there’s certainly nothing to scare anyone.

Read the full article at http://www.bloomberg.com/news/2013-02-22/s-p-500-caps-first-weekly-drop-in-2013-on-stimulus-debate.html

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