Wednesday, January 20, 2010

State Street pops!

STT closed up over 3 bucks to 46.28, and its cousin, Northern Trust closed up 3 bucks to 55.

STT was advertised here last month at 42.

It's been a struggle just to get 4 points! But if I worked for the Obama administration, i would say, "We made 120% on our investment for the time we held it!"

But of the two, NTRS earnings were cleaner.

When the public starts shifting money into stocks instead of cash equivalents, it will help these companies, but it's still slow money.

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