Finance
Where’s the Bottom? Valuation Cases for an Unstable Stock Market
- Fed model, past sell-offs point to lower prices for S&P 500
- Economic and earnings growth suggest stocks are bargains
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How low must stocks go to reach levels where investors get a grip on their hair-trigger selling? It’s the question on everyone’s lips.
One after another, levels that promised support have failed amid the wild swings that have engulfed equities since October. While the S&P 500 Index bounced Monday within points of its 2018 low, it’s fallen out of a range of technical support, including its 200-day moving average.