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SAC Capital's Steve Cohen expects the stock market to take a “pause” this...

SAC Capital's Steve Cohen expects the stock market to take a “pause” this summer, and that while optimistic about the second half of the year, forecasting a 4% U.S. growth rate, he worries about the impact of rising budget deficits in 2012. "Energy stocks are discounting oil prices much lower than where we are trading today," he adds, seeing their selloff as a buying opportunity.
Comments (2)
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    This guy knows his stuff. I will follow his advise.
    12 May 2011, 03:48 PM Reply Like
  • golongcheckdownmkt
    , contributor
    Comments (40) | Send Message
     
    Steve is saying I am going on vacation this summer so expect light volume and I see oil consumption increasing going forward.

     

    great market insight
    12 May 2011, 04:10 PM Reply Like
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