Standard & Poor's strategist Sam Stovall, who just a month ago predicted that the market would drop another 10% from its March 17 trough (by which time it had fallen 19% from it October peak), now says "The worst is likely over." He adds, "We believe it unwise to ignore the favorable alignment of our economic, fundamental, technical and historical indicators."

 

Submitted: May 7, 2008    Views: 171    Comments: 1    Likes: 1   


View Article: http://www.kiplinger.com/columns/value/archive/2008/va0506.htm


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Comments Received:

Sam Cass
Sam_Cass

It all depends on whether or not you think all of the bad news is already priced into the current market. If so, it might be a good buying opportunity.

Personally, I think we might be near a bottom. The failure of Bear Stearns really shook people up and I think that washed out the market. I'm looking for the dollar to rally and the market to rise.

Posted: May 7, 2008



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