According to Jeffrey Saut of Raymond James, when did the market bottom?

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The Call

Question: According to Jeffrey Saut of Raymond James, when did the market bottom?

Answer: Oct. 10

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Pros Say: Market DID Bottom in October

Jeffrey Saut of Raymond James said he's convinced that Oct. 10 was the market's capitulation low, and there've been sufficient tests of that low to meet criteria for "a fairly decent rally." Moody's Investors Service's John Lonski said he expects crude oil to go as low as $50 per barrel. He believes energy stocks will remain bargains, especially in the tax-loss selling season.