Zacks' Mian says the market's worst downward pressures have passed

<p><a name="m_-9050020398095965798__Hlk123893674" id= "m_-9050020398095965798__Hlk123893674"></a>Sheraz Mian, director of research at <a href="http://www.zacks.com">Zacks Investment Research</a>, says we may be 'close to the finish line with respect to how much [earnings estimates] needed to come down,' noting that earnings estimates have already come down about as far as they are likely to. Still, that doesn't give Mian reason to expect a strong rebound; he says corporate performance will lag the earnings cycle, which will lead to a sideways market with the real rebound to come in 2024. In the Talking Technicals segment, Jason Brown of <a href= "http://www.thebrownreport.com">The Brown Report</a> says that he believes the market has stopped falling but has moved into a sideways channel, which could last for a while but which will help to build a base for a new bull market rally. Also on the show, Vince Shorb of the <a name= "m_-9050020398095965798__Hlk126630250" id= "m_-9050020398095965798__Hlk126630250"></a><a href= "http://www.financialeducatorscouncil.org">National Financial Educators Council</a> discusses a survey showing that Americans believe they are losing a big chunk of money every year to their own financial illiteracy. In The Market Call, Mark Salzinger, chief investment officer at <a href= "http://www.salzingersheaffbrock.com">Salzinger Sheaff Brock</a>, talks about traditional funds and ETFs.</p>