Have investors gone too pessimistic and oversold stocks?
Posted By RichC on August 11, 2011
I listened and nodded in agreement to a little optimism this morning in a CNBC interview which paints a slightly different picture as it pertains to the financial health of consumers, US bank and companies. So far today (Dow about 11000 over the lunch hour) this might be making some sense to those who may have oversold U.S. stocks due to panic and fear?
Jim Paulsen of Wells Capital suggest that there is a “mania of pessimism.” Who knows what the market close will bring?
James Paulsen Mania of Pessimism (1 min 30 sec)– August 11, 2011
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