Stocks headed back to 2015 low: Strategists

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Several market strategists are telling their clients the market will likely retest late August's S&P 500 low of 1,867 before rallying higher.

"We are probably not finished seeing sharp downside price moves in the index," wrote Sam Stovall, U.S. equity strategist at S&P Capital IQ, in a Wednesday note to clients.

Wall Street is recommending patience before buying as true bottoms typically take some time to develop.

Here is what they said...