“Stocks are so undervalued and the economic fundamentals and the corporate earnings fundamentals are getting so much stronger,” said Philip Orlando, who helps oversee $400 billion as chief equity market strategist at Federated Investors Inc. in New York. "Investors are starting to put that money back into the market. That’s why we’re looking at a two-month rally here that will take us up to the 1,200 level" on the S&P 500. The S&P 500 yesterday climbed for a second day as Warren Buffett agreed to buy Burlington Northern Santa Fe Corp. , spurring optimism that equities will continue to rebound after $11.6 trillion in government spending, lending and guarantees returned the economy to growth.
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