UPDATE 2-S&P 500 may correct to 830-875 levels - JP Morgan

Newswire

(Adds JP Morgan strategists' comments, background) June 26 (Reuters) - The Standard & Poor's 500 index is likely to see a correction to between 830 and 875 through September, given its virtually uninterrupted rise since its March lows, J.P. Morgan Securities said and urged investors to use the correction to build positions in cyclical stocks. This correction could be followed by a strong rally to between 950 and 1000 by the end of 2009, JP Morgan strategists wrote in a note dated ...

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