GO
Loading...

Strategist: Don't Give In To Rebound Euphoria

So we've survived Meltdown '07 and everything's back the way it was before the market plunged two weeks ago, right? Perhaps not. Wachovia Securities Chief Equity Strategist Doug Sandler counsels caution going forward.

Speaking on "Closing Bell," Sandler said savvy market observers "all knew [the meltdown] was coming" -- but a "lot of folks couldn't turn down" the opportunities they saw. He told CNBC's Maria Bartiromo that "at this point in the cycle," all portfolios, whether fixed-income or equities, "have to be high-quality."

The strategist says that investors ought to ask themselves, "What names scared me two weeks ago, but bounced back?" Those are the very companies, he maintains, that should make investors take their second "chance at the exit door." The market is in for "some hard sledding going forward" before the volatility has totally eased.

Featured

Contact

  • Showtimes

    United States
    Monday - Friday 3:00P ET
    Europe
    Monday - Saturday 21:00 CET
    Asia
    Tuesday - Saturday 03:00 SIN/HK
    Australia
    Tuesday - Saturday 05:00 SYD
    New Zealand
    Tuesday - Saturday 07:00 NZ
  • With almost 30 years experience in business television, Bill Griffeth is co-anchor of the 3 p.m. ET hour of CNBC's "Closing Bell."

  • Kelly Evans

    Kelly Evans is co-anchor of CNBC's "Closing Bell."