The Big Picture Market Perspectives 2/9/17

Stocks are hitting new record highs today.  That includes the Dow, the S&P 500 and the Nasdaq.   We've now seen about 60% of the earnings for Q4, and earnings are very good. As we've discussed, earnings guidance and consensus views are made to be beaten.  Factset says that, on average, about 67% of S&P 500