The stock market is wildly oversold, according to Birinyi Research, and nearly all S&P...

|By:, SA News Editor

The stock market is wildly oversold, according to Birinyi Research, and nearly all S&P sectors, excluding tech and financials, are at “absolute buy” levels based on how much each sector has swung from its 50-day moving average. Barry Ritholtz expects a similar rebound but reaches a different conclusion, seeing more sense in selling the bounce.