Down 20%, Is the S&P 500 Poised to Recover in the Last Half of 2022?
If you're thinking about pouring some idle cash back into the market while it's still down, you're not crazy and you're not alone. The S&P 500's (SNPINDEX: ^GSPC) 20.4% discount from its January high is still a pretty attractive deal, even if the sale price was just a tad lower three weeks ago.
Of course, it's only a bargain if there's a reasonably good chance the market's going to be higher within the next few months rather than lower.
And that's the really good news here ... at least potentially. While most stocks have already breached bear market territory and the economic news seems grim, corporate profits are apt to remain robust and even rekindle the growth expected when the world was shrugging off the pandemic last year.
Source Fool.com
