Stocks don't seem to want to fall further, after I have initiated exits from some positions last week. I think I am again too early to exit, and will look to put back those positions next week. There should be one last hurrah.
According to Jim Paulsen, chief investment strategist with Wells Capital Management, an investment firm with assets of more than $350 billion, it is time to buy stocks. This is because retail investors are turning more bearish on U.S. equities, according to the latest data on sentiment and mutual fund flows. Remember, be greedy when others are fearful.
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