BioCentury
ARTICLE | Finance

2Q Financial Markets Preview: Longing for normalcy

April 7, 2008 7:00 AM UTC

With stock market volatility expected to continue this quarter, investors say they will continue the flight to quality that began at the end of last year. The few buysiders who are not sitting on the sidelines are largely investing in large and mid-cap names they believe in or are selling winners on good news in order to buy high-quality names that are now bargains. Few anticipate that this volatile, risk-averse environment will change until after the summer passes.

Indeed, the big question is whether this downturn will be modest or whether it will match the declines posted in other bear markets - in which case there's way more downside to come...