Strategist: Don't Give In To Rebound Euphoria

Tuesday, 13 Mar 2007 | 11:33 AM ET

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.

Market Wrap
Sub-prime problems and what today's private equity deals mean for the equity market, with Doug Sandler, Wachovia Securities chief equity strategist; Ron Insana, CNBC Senior Analyst and CNBC's Maria Bartiromo

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.



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  • 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 an on-air correspondent, reporting across CNBC's business day programming. She is co-anchor of CNBC's "Squawk on the Street."