Joe Battipaglia: September and October are going to be more difficult

By on September 1, 2009

Joe Battipaglia, Market Strategist, Stifel Nicolaus, expects the market to quiet down when the stimulus pump is closed. He stated, “If we find that as the government takes away all their interventions – if the showrooms go quiet again, that home sales slow again, that prices for homes fall – that’s going to affect the market psychology.”

Battipaglia feels fair value for the S&P 500 is 750 – 850.

Source:

http://studio-5.financialcontent.com/boston/?GUID=9911629&Page=MediaViewer&Ticker=%24MASS
***

One Comment

  1. Anonymous

    September 28, 2009 at 12:21 am

    Amen for the market "waking up" to reality…feels like S/P at 600.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>