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Expert Says Stock Prices Could Stabilize in Coming Weeks

Monday, August 8, 2011

Despite the Dow Jones Industrial Average falling more than 500 points, experts remain optimistic the stock market will rebound.

"It's hard to be comfortable thinking that this is a good day to be selling," Brian Hellmer, director of the Hawk Center for Investment Analysis, told the Wisconsin State Journal. Hellmer added that he thinks "concerns about the finances of Italy, Spain and Greece were exacerbated by a loss of confidence in the ability of the U.S. to handle its own debt problems. But chances are the U.S. will avoid another recession and stock prices will be "stable to rising" in the coming weeks."

As for alternatives to stocks, Hellmer said bond yields are very low now while gold and energy futures are quite expensive.

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