What drives stock prices? In this bull market, it’s the Fed, Earnings and Jobs. It' no surprise to many, but EARNINGS is the major driver, and always has been. Absent of major events short term, uncertain Fed policy, wars, EU collapse, Japan's tidal wave wipe out, the broad market relies on EARNINGS as the Bull or Bear signal. In a couple of weeks Arena will report significant increased earnings per share. Wall Street knows where value is found. Year over Year earnings growth should continue on the famous, "Hockey Stick" growth curve cloned by Spencer Osborne. Bash him all you want, but his growth report on the scripts "Hockey Stick" curve, also creates an earnings growth "Hockey Stick" curve upward which is in fact a major thing that drives the broad market indexes, and single stocks. Know what you own.