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Investors: Brace for a Turbulent Second Quarter

Fasten your seat belts. The second quarter is expected to be a bumpy ride.After a volatile first quarter for stocks that ended with the S&P 500 advancing a measly 1.3%, the broad-market index kicked off the second quarter on a high note. But experts forecast the second quarter will bring more volatility and possibly a long-awaited correction."I'll go out on a limb and say I think [the correction] starts this quarter," said Uri Landesman, president of Platinum Partners, a NY-based hedge fund."I'm not calling the end of the bull market. I still think we'll see 2000 on the S&P 500 by the end of the year, first quarter of next year, but I think you could see 1600 first." The S&P 500 recently traded at about 1860.It's been 30 months since the market declined 10% or more. But this quarter could break the trend if history is any guide. Data going back to 1945 show the S&P 500 posted its worst performance of the entire four-year presidential cycle during the second quarter of a mid-term electi...

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  1. GSK Stops Lung Cancer Vaccine Trial

    GlaxoSmithKline Plc (GSK) has stopped a high-profile clinical trial using a novel vaccine to fight lung cancer after deciding it will not be possible to find a sub-g...

  2. Novo Nordisk Upgraded to 'Buy'

    Novo Nordisk (NYSE:NVO) was handed an upgrade to "buy" from "hold" on Tuesday from Austria's Erste Group, helping to boost its shares 1%.The Denmark-based drug giant...

  3. Pharma, Retail and big banks: Buy, sell or hold?

    United Advisors chief market strategist Scott Martin gives his outlook for the pharmaceuticals, retail and big banks.

  4. FDA Gives BMY Hep-C Drug 'Breakthrough' Status

    Bristol-Myers Squibb's (NYSE:BMY) investigational treatment for hepatitis C infection was awarded "breakthrough therapy designation" on Monday by U.S. drug regulator...

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  7. Bristol -Myers 4Q Earnings Beat the Street

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