Up from Bottom at Last?

S&P's Sam Stovall suspects the Street has witnessed its nadir, and he sees a lot of upside energy in the likes of Apache and Global Santa Fe

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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.