"Earnings, economic optimism boost Wall Street" (drug, how much, economy)

[delusianne]

NEW YORK (Reuters) - U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.
***
"Earnings have been strong and people are starting to believe the recovery we're seeing in the economy is real," said Angel Mata, managing director of listed equity trading at Stifel Nicolaus Capital Markets in Baltimore.

"There's more of a fear that investors will miss the next move up, as opposed to not being involved and watching the market go down."

Earnings, economic optimism boost Wall Street | Reuters

NOOOOOOOO..........

[delusianne]

"LONDON (Reuters) - World stocks rose on Wednesday and the euro held on to most of the previous day's sharp gains as strong company earnings from both sides of the Atlantic shifted focus away from concerns about euro zone debt.
***
"According to Thomson Reuters data, quarterly earnings growth for S&P 500 firms for the fourth quarter stood at 211.3 percent. Of 76 percent of S&P 500 firms that have reported their results so far, 72 percent have beaten their expectations.

"'Economic data continues to suggest that the recovery should be sustainable. Business and consumer confidence levels have been increasing,' Bob Doll, global chief investment officer of equities for BlackRock, said in a note."

World stocks rise, euro keeps most gains | Reuters

[stillkit]

Personally, I don't think the economic health of our country is measured by stock prices. It should be measured by how much disposable income is in the pockets of the people.