The recent stock market rally (in conjunction with rising oil prices) has many people expecting a correction.
I’m a fan of value investing and purchasing undervalued stocks so it was refreshing to see this article in Barron’s titled “The Market’s Pullback Watch”, and to quote the article “does the market ever oblige the group that awaits the pullback?”
Some interesting statistics noted in the article:
“Investors Intelligence Survey of investment newsletters noted:
22% calling for correction
51% outright bullish
This week will also be interesting to see how the BP civil trial plays out (recently delayed adding to the suspense!), and how much of an impact this will have on their stock price.
Barron’s “The Market Pullback Watch” Article located HERE.