Closing Bell: The Burst of the Pessimism Bubble (AA, ITT, JPM, LULU, NVDA, ZLC)

Filed under: JPMorgan Chase (JPM), Alcoa Inc (AA)

A slight economic upgrade from the Federal Reserve met higher commodity and higher equity prices today. The reality is that most equity markets were up around the globe today as investors are getting more of an appetite for risk. Even a Freddie Mac outlook for 2011 with higher interest rates and a 'narrower' budget deficit of $80 billion in December failed to temper optimism.



Here are the unofficial closing bell levels:



Dow Jones 11,755.44 +83.56 (0.72%)

S&P 500 1,285.96 +11.48 (0.90%)

Nasdaq 2,737.33 +20.50 (0.75%)



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Closing Bell: The Burst of the Pessimism Bubble (AA, ITT, JPM, LULU, NVDA, ZLC) originally appeared on BloggingStocks on Wed, 12 Jan 2011 16:30:00 EST. Please see our terms for use of feeds.

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