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LIGHTNING ROUND: Markets under near-term pressure-Manley

Wednesday, May 09, 2012 - 01:08

May 9 - Wells Fargo Fund Management's John Manley says U.S. stocks could see a 5-8% correction from current levels, but feels Q2 earnings will be strong enough to support markets after any bump.

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Wells Fargo's John madly typing for a lightning round now what's next the stock market got short term market trade higher or from. I think -- -- little pressure. That is we were coming out we'll get two bombs and the fact that happens the better. Are you when you say a bottom how much that could finally. I don't think -- 158%. What sectors like -- -- and a down market that's. One thing will be in the -- I think still has the growth it is health care and also -- people vote for this health care do OK despite reports that. I think if it does it matter of markets -- here's some good numbers and try and regulators that it got. He went earning decent QQ is it going to be enough to support the market after this little bump I think it is it is for this low -- low expectations -- -- viewed it over. Foot Greek default after the as it happens is about to happen it will matter once it's over it will be. John and -- both -- things that I think I'd rather that this is.

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LIGHTNING ROUND: Markets under near-term pressure-Manley

Wednesday, May 09, 2012 - 01:08