Stocks made a small rebound in the US on Tuesday. The S&P 500 rose 0.8 percent after having fallen 2.3 percent on Monday.
US stocks rose despite a report showing that factory orders fell 1.5 percent in December. Excluding transportation, orders actually rose 0.2 percent.
Indeed, some investors think the latest market declines represent yet another buying opportunity. From Bloomberg:
“This is a real bull market,” [Michael] Shaoul, whose assets under management have risen to $21 billion from $400 million in 2008, said in a phone interview. “What happens in real bull markets is they do fine, and then they are occasionally interrupted by an exogenous shock...”
“This episode will have a distinct beginning, middle and end ... The end of it will be a significant buying opportunity in the U.S...”
“Every time it goes down you always wonder, ‘What the heck? Is it going to stop?’” said James Paulsen, the Minneapolis-based chief investment strategist at Wells Capital Management, which oversees about $359 billion. “I like buying on this fear of a crisis in the emerging world.”
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