New York Session - October 14, 2009 5:01 PM

Better earnings from JP Morgan drove risk assets higher in NY trading and US dollar bears were out in full force once again. The bank not only reported better bottom line results, but also blew right through revenue estimates. Should earnings continue to show top line expansion, we would look for equity marts to remain better bid into the end of the month. One of the big stories was the Dow Jones re-gripping the 10K handle as stocks added about 1.5% on the day. Gold was practically flat but remains better bid while above the 60 area. Full text »