Believe that. They did it again and theres no oops attached. The major indexes, all of them, closed higher today than ever before. Youve heard that a lot lately, but heres something you havent. The s p 500 is having its best start to a year since 1987. And not since 1964 has the s p 500 set six consecutive records to begin a year. Investor optimism is high. Here are the happy and not at all fake numbers for the day. The dow advanced 102 points to 25,385. Nasdaq added six. The s p 500 was up four. Now comes the moment of truth. Quarterly profit results. And as bob pisani reports, expectations a. Reporter its been an amazing start to the year. The s p is up six days in a row, about 3 , its best start since 1987. Earnin season is now upon us. Prices and evaluations are at record highs. Its fair to say expectations are also very high. This past quarter has been very unusual. Analysts have been even more optimistic than they usually are. They typically start optimistic and then lower earnin
Happening with the new government being there. Europe in fact, i think it is a surprise for many because it is muddling through, and it will probably continue to muddle through for a while. But it has been muddling through okay. One of the indicators that always use is italy Interest Rates, and the 10year bond rates. The beginning of last year, almost 7 . End of last year, 4 and change. And the u. S. We have seen some growth in the u. S. Last year, and we believe we have, if we avoid to hit the fiscal ceiling, the debt ceiling if we avoid that, we have it in our hands, and we can generate positive growth. We are seeing some good indications in the markets that have pretty much the debt here in the u. S. The building and construction market. For four years it has been dead. Now suddenly we see it is coming back to life. This will only be coming back to life if we send strong comfortable messages and not have a discussion about the fiscal cliff and now the debt ceiling and then probably
Happening with the new government being there. Europe in fact, i think it is a surprise for many because it is muddling through, and it will probably continue to muddle through for a while. But it has been muddling through okay. One of the indicators that always use is italy Interest Rates, and the 10year bond rates. The beginning of last year, almost 7 . End of last year, 4 and change. And the u. S. We have seen some growth in the u. S. Last year, and we believe we have, if we avoid to hit the fiscal ceiling, the debt ceiling if we avoid that, we have it in our hands, and we can generate positive growth. We are seeing some good indications in the markets that have pretty much the debt here in the u. S. The building and construction market. For four years it has been dead. Now suddenly we see it is coming back to life. This will only be coming back to life if we send strong comfortable messages and not have a discussion about the fiscal cliff and now the debt ceiling and then probably