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Tuesday, March 13, 2007
Correction Question
Is the stock market correction over,or will another shoe drop? There are analysts on both sides of the issue.It has only been two weeks since the precipitous decline,however,so it does seem to be premature to be declaring victory.As Mark Arbeter of Standard and Poors noted yesterday,trading volume during the partial recovery has been light,casting doubt on its authenticity;nor have there been any shocks to put the market to the test.If a surprising piece of significant data is weathered,then we might breathe easier.Until then,many investors are holding back in bonds and cash.
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