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

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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
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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.

   Reply