Earnings Per Share are up above estimates, but most companies revenues suck in plain english. That means the level of economic activity is still sickly.
Now the headwinds of the following face the markets:
Obamacare, The sunset of the Bush tax cuts and within raising the Capital Gains rate from 15 to 20% and Raising the Dividend Rate to 39.6%
So tell me how potentially smart money won't be looking for the exit door (non qualified money) before 12/31/2010 given these Obama headwinds to their capital?
To the Libs at the slimes losing money is great.