Stocks Blow Off Bad Alcoa Earnings |
| October 12, 2011 | October 2011 Bond Updates |
|
U.S. stocks are opening sharply higher open on Wall Street, following gains in European markets. S&P futures are up more than 10 handles. We are once again seeing investors shrug off bad news and continue buying, a tell-tale sign of a bull market. Last night Slovakian parliament was unable to pass approval of an EFSF expansion, although it is expected to pass in later votes. Alcoa (AA) also disappointed with its earnings report, and is trading off nearly 4%. |
| View more at: http://www.forbes.com/sites/greatspeculations/2011/10/12/stocks-blow-off-bad-alcoa-earnings-giving-credence-to-bulls/ |
| Related News |
|