J.P. Morgan still makes the bull case for stocks and "would be buyers at [S&P) 1,250 even...

|By:, SA News Editor

J.P. Morgan still makes the bull case for stocks and "would be buyers at [S&P) 1,250 even acknowledging downside risk.” Japan is likely to be more resilient than investors expect, it says, as power outages are "overstated" and key industrial areas are far enough from reactor troubles to remain safe; oil, the biggest risk to global recovery, is retreating.