Stocks Gain as Earnings Top Estimates

The P once again has been driven by the E. Once forgotten in late 1999 we again see that Earnings (Of the once fabled PE ratio) determine price of a stock. A bouyant day in the market. http://www.bloomberg.com/news/2010-08-02/stocks-u-s-futures-climb-on-improved-earnings-franc-weakens-bonds-drop.html