Anxiety Without Panic -- For Now
A recent poll shows only 35 percent of individual and institutional investors are confident the stock market won't crash. Clearly, investors are anxious, but they're not yet panicking, despite nasty economic and credit news. Meanwhile, Thomson Financial's Baseline method of determining what investors are paying for the S&P; 500's future earnings reveals that prices are low; thus, if the real measure for forecasting stock futures is "what's in the price," investors may be unnecessarily pessimistic. The failing dollar might help stocks, too, but current market instability remains. Santoli doles out solid advice, including a mildly favorable analysis of undervalued Sanderson Farms.
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