|
|
Article: This bear market isn't normal, some experts say.
- Article from:
- Saint Paul Pioneer Press (St. Paul, MN)
- Article date:
- July 22, 2002
CopyrightCOPYRIGHT 2002 Saint Paul Pioneer Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Gail MarksJarvis
ST. PAUL, Minn. _ Confusion reigns.
Wall Street's strategists are involved in a heated debate, with the majority arguing that stocks are now about 20 percent undervalued and positioned to rally once investors start seeing improved corporate profits _ evidence that should start appearing as earnings reports are released over the next few weeks.
But with the stock market below Sept. 11 lows, fear is mounting, and it's stoking the other side of the debate _ that this is not your normal bear market.
Typically, run-of-the-mill cyclical bear markets take the stock market down about 28 percent to 30 percent and are ...