Thursday
January 19. “Some analysts would not be surprised
by a pullback in the S&P 500 from highs not seen since last July,
especially after recent weak results from JPMorgan Chase & Co and Citigroup
Inc. No question we've seen some encouraging news with earnings and Europe, but
the question is whether we're getting ahead of fundamentals," said Bruce
McCain, chief investment strategist at Key Private Bank in Cleveland, Ohio. Clearly things have improved, but it
remains to be seen if there really has been a turn, or if this is just a
January thaw ahead of more winter storms, McCain said. There are still a lot of
parts of the world with significant problems and concerning trends.” By Ryan Vlastelica
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