Business Insider cites David Rosenberg in saying that the recent fall may have taken stocks down enough to buy.
“So the big problem was sentiment and valuations, but both have started to move towards more attractive points,” Rosenberg writes. “Liquidity and economic growth remain the big-picture fundamentals that will once again render this brief corrective phase as another in the long list of buying opportunities we have seen for the past four-plus years.”
There are signs that other investors also think that the correction may be brief, notwithstanding the mixed performances in markets on Thursday.
The STOXX Europe 600 fell 0.2 percent and the MSCI Emerging Markets Index fell 0.6 percent. The US 10-year Treasury yield fell three basis points to 2.73 percent.
However, after early losses, the S&P 500 managed to rebound and finish the session up 0.6 percent.
The rise was remarkable considering that US economic data on Thursday were disappointing.
Retail sales fell 0.4 percent in January after having fallen 0.1 percent in December. The decline last month was mostly attributed to bad weather.
Also, initial claims for unemployment benefits increased by 8,000 last week to 339,000.
The rise on Thursday means that the S&P 500 has now rebounded 5.1 percent from its recent low and is just 1 percent below its all-time high.
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