A Bumpy Ride to an Up Market

Joseph Lisanti of S&P's The Outlook isn't worried by the Street's recent nervousness. It's still going to be a good year, he says

The stock market may be in a correction -- but that's a positive development. So says Joseph Lisanti, editor of the Standard & Poor's newsletter The Outlook, who thinks that a drop of 5% or 10% now would clear the air for a climb later in the year. In fact, Lisanti warns that failure to have such a correction could be more worrisome because it might prefigure a sharper drop later in 2004.

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