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During the last two months as some slightly improving unemployment numbers appeared and the Greek debt crisis appears to have some sort of resolution, the stock price has begun to inch higher.
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"I stated in April that the recent expansion activity in the group, the relocation of distribution facilities and the resolution of the stock and property issues in the Blacks business would impact results in the short term, " said JD executive chairman Peter Cowgill.
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These signature stamps, when presented to EquiServe with the corporate resolution, authorized the stock transfer.
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Uncertainty over the timeline for a resolution in Europe and falling levels in the stock market have also helped drive investors into safe-haven assets like U.S. Treasuries, which has left the 10-year bond today yielding 2.11% and the 30-year long-term bond yielding 3.13%.
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Meanwhile, although the rules under consideration may make life much more complicated and costly for many U.S. investment banks, bank stock prices are heading happily upward, on news from Europe promising resolution of the knotty fiscal and monetary issues there.
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More recently, the resolution of the fiscal cliff contributed to more money flowing into stock mutual funds a couple of weeks ago than in any other week over the last 11 years.
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Stock markets and the euro fell early on Monday, pressured by the lack of resolution to the Greek crisis.
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The fiscal cliffhanger resolution, coupled with a strong start to earnings season, has fueled a strong stock market rally in the first full trading week of the year.
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