Up from Bottom at Last?
When the Standard & Poor's 500-stock index dipped below 800 on July 23, that was probably the bottom for the bear market, says Sam Stovall, senior investment strategist for Standard & Poor's. It may take a while for stocks to work off the hangover from the bubble-bursting of March, 2000, he believes, but he says that S&P thinks the upside potential for the rest of this year outweighs the downside risk.
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