- This summer's wild market swings didn't damp money managers' enthusiasm for U.S. stocks, according to a survey set to be released today. In fact, 28% of managers responding to Russell Investment Group's quarterly Investment Manager Outlook now believe U.S. stocks are undervalued, up from 21% three months ago."
Thursday, September 27, 2007
US Stocks at a Bargain
It may have slipped my mind that there is a bright side to recent economic news, money managers view US stocks as undervalued and prime for buying. Especially US large caps (big a$$ companies=large caps). The WSJ article, Money Swings Fail to Deter Money Managers, opens-