GO
Loading...

A Correction or Start of Bear Trend?

After a further pullback, the stock market will likely provide buying opportunities, Blackstone Senior Managing Director Joan Solotar said Monday.

"I think we had fewer down days this year than any year in decades," she said. "This seems to be more of a correction than a protracted bear trend."

On CNBC's "Fast Money," Solotar said that she was expecting "some good values" in the near-term, as stock valuations were not that expensive on a multiple basis.

Next, she would be looking to quarterly earnings, which likely won't disappoint.

"And if we do, then you'll probably have a further downdraft," she added.

(Read More: S&P 500 Has Topped for 2013: Guy Adami)

Solotar also sounded a bullish tone on housing.

"We still like real estate, which is driven more by supply and demand than it is interest rates," she said. "We haven't been building enough in the United States."

Several segments of the real estate industry, including single-family housing and commercial, still held promise. "But I wouldn't say that we're buying a market," she added. "Some markets look expensive."

Trader disclosure: On June 24, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami's wife, Linda Snow, works at Merck; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long ORCL; Karen Finerman is long MDY, SPY, KFS puts; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long CLF; Tim Seymour is long SBUX; Pete Najarian is long AAPL; Pete Najarian is long INTC; Pete Najarian is long FB; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long MSFT; Pete Najarian is long SE; Pete Najarian is long GT; Pete Najarian is long EEM; Pete Najarian is long XLB.

Symbol
Price
 
Change
%Change
S&P 500
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report