Although the market naysayers will talk down early September's upside rush as just another bear market rally, investors shouldn't doubt the sustainability of what now appears to be the next upswing of a bull market.
Investors' spike in gloom seems out of line with broader economic developments that continue to be mixed. So stocks may be undervalued because investors are being overly conservative -- and this could be a good time to buy.
If you've been wondering how corporations can be enjoying a sharp rebound in profits even as the U.S. economic recovery remains so weak David Rosenberg of Gluskin Sheff has your answer: They won't be enjoying it for much longer.
Plenty of good news may be getting overlooked in a market gripped by one form anxiety after another. That pervasive fear has investors crowding into government bonds. It could also create a good window to get into undervalued stocks.
With no major news on the calendar ahead of next week's start of second-quarter earnings season, longer-term investors should have more sway in a market that's been technically driven for months. That could mean fewer wild swings, at least for a while.