Understanding the Bears' Case for Stocks—and the Bulls'

The plunge in global stock markets took the Standard & Poor’s 500 Index down to 1,862 today and has set off a shouting match between bulls, who expect a quick recovery, and bears, who think stocks have farther to fall. Trillions of dollars are riding on who’s right. We talked to top market analysts on both sides of the debate to get a deeper understanding of their arguments. Here’s what they said.

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