Market Bottom or Not? Lehman Bull Seems Cowed by Bearish Market

GuruVision: A Chink in the Armor

SAN FRANCISCO -- All was relatively quiet on the Wall Street front Monday -- the Dow Jones Industrial Average gained 0.5%, the S&P 500 rose a fraction and the Nasdaq Composite shed 0.8%.

Those betting and/or praying Friday's advance was the start of something real should be encouraged by the market's performance. Here's another reason: One of the most steadfastly optimistic strategists on Wall Street just blinked ... maybe.

"The current stock market correction may have more to run," Jeffery Applegate, chief investment strategist at Lehman Brothers wrote in his weekly market commentary, published today. ...