Looking At the History

Alfred Goldman of Wachovia Securities has been reflecting on October.It was a big sell-off,with the S and P 500 Index down about 20%.It was the greatest level of fear I've seen in my whole career,Mr.Goldman said.Corporate earnings are gonna be miserable,but he market is oversold.Hopefully the market will rally when the new president is known.These are probably the best values I've seen in the past forty-eight and a half years,the distinguished analyst noted.You look at the history of this country since 1776,and you selectively start buying-with some cash on the side in case of hiccups,Mr.Goldman advised.He likes John Deere(DE) and Illinois Tool Works(ITW).