Is the damage done or do more losses lie ahead? Find out what the charts suggest!
In you’re like most investors you see the Dow trading below 10,000 and you think to yourself, there should be unbelievable buying opportunities out there. Just look at the multiples and PE ratios on blue chips. They’re incredibly cheap, right?
Traditionally it’s true, the best time to buy is in a bear market. So why aren’t investors buying? Could it be because we haven’t hit the bottom yet?
For insights we turn to Oppenheimer chief market strategist Carter Worth. Following is a synopsis of his analysis.