It appears to me that a major low in the S&P 500 was reached on 3/14/07 with the strong reversal day.
There are many technical indications that the low has been put in place as well as a very large level of fear amongst investors. These are the needed ingredients for a strong move up.
Nothing from a fundamental perspective has changed, so as with a company, if the price gets hit and the fundamentals remain strong then buy buy buy!!
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