SAC Capital's Steve Cohen expects the stock market to take a “pause” this summer, and that while...

|By:, SA News Editor

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.