Health-care companies and financial stocks still look attractive, according to Mr. Ablin and others.

WSJ: Rising Stock Prices Flash a Warning��Selloff Ahead?

"Stocks are fairly priced relative to traditional metrics, like earnings and revenues, " says Jack Ablin, chief investment officer of BMO Private Bank.

WSJ: Stocks Testing Records��But There's Still Room to Run

"If investors, treasurers and arbitragers get more optimistic, we could see more" buyouts, takeovers and stock buybacks, which might help stocks, Mr. Ablin says.

WSJ: Stocks Testing Records��But There's Still Room to Run

You and Mr. Ablin blithely assume that the economic decline caused the rise in numbers of people receiving disability just because they happened about the same time.

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"Going into the end of the first quarter, expectations got very high, so whether you call it a correction or an emotional rebalance, what investors are doing now is lowering their sights, " Mr. Ablin said.

WSJ: Stocks Pull Back

The doctor who discovered PSA, Richard Ablin, created a furor this year when he said, in a New York Times op-ed, that as a screen of healthy people the test does more harm than good.

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Do you agree with Jack Ablin?

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