Fish <yellowtail_2005@[EMAIL PROTECTED]
> wrote:
>
>NEW YORK (Reuters) - Stocks have seen the worst of the declines and
>are poised to head higher boosted by a spate of interest rate cuts by
>the Federal Reserve and spending linked to the government's economic
>stimulus package, a leading equity strategist said on Tuesday.
>
>Sam Stovall, chief investment strategist and chairman of the
>investment policy committee at Standard & Poor's, reiterated a
>forecast by his firm calling for the benchmark S&P 500 (.SPX) to
>finish 2008 at the 1,560, about 5 points shy of the index's record
>close set in October 2007.
>
>"We do have a good likelihood of retracing our steps at least up to
>the 1,560 level," he told an investment outlook teleconference. "Much
>of the decline we've experienced is likely over in our opinion. We
>believe the worst is over and we could see the market work its way
>higher."
>
>(Re****ting by Ellis Mnyandu; Editing by Theodore d'Afflisio)
>
>---
>
>Will Sam Stovall put your money where his mouth is?
No. But if you give him your money to invest, he probably will put
your money where his mouth is.
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