Jim had the following end-of-show comments:

Jim:       Everyone is fretting about the beginning of earnings season… here is what I say… it is incredibly easy for companies to do what Federal Express (FDX) did when they reported last month… they said, look it was a really bad quarter, but the future looks brighter… remember what the stock did, it went from $41 to $44 and then it came back $42, and then the next thing you knew it was $50... that is going to be the game plan… what you need to do is not be shaken out by bad near term news… particularly when it comes to the banks… JPMorgan (JPM*), Goldman Sachs (GS*), Bank of New York (BK), State Street (STT)… don’t forget the Hudson City Bancorp (HCBK), and New Alliance (NAL), those are winners.