Stocks are reaching a pretty attractive point. I'm not surprised to see the negative sentiment continue through the media. The media can be helpful, but most commentators give us a good idea of what not to believe. Lets face it, if they were really good at predicting trends in the market, they wouldn't be in the media, they would be managing money. If you look closely at the major brokerage projections for 2008 S&P results, the average is a gain of 13.11%. But no one wants to believe that.
Take a second to look at Ken Fisher's Market Minder column yesterday.
S&P projections courtesy of Bespoke Investment Group.