"As stocks drift lower, skepticism ascends and shorts mount up, fear should be seen as the friend of the rational investor, and many stocks that I follow are approaching or are already at attractive price levels. While most are now fearful, especially those who base their investment decisions on price momentum, I view individual stock opportunities on a fundamental basis, and based on my company contacts and channel checks, the domestic expansion is alive and well. It is interesting to note that the U.S. real private economy does benefit somewhat from slowing developed world (European) growth in the form of lower interest rates and lower commodity prices (especially of an energy kind)."
Doug Kass, in The Street.com
Doug Kass is turning bullish on stocks and sees 15 percent upside for the S&P 500 Index.
Related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY), PowerShares QQQ Trust, Series 1 (ETF) (Public, NASDAQ:QQQQ)