As the S&P 500 rebounded from a 1.7 percent retreat and financial shares reversed a tumble of 4.2 percent to end the day 1.5 percent higher, sources close to asset management firm, Private Equity Placement reportedly raised its outlook on several stocks in key sectors.

Private Equity Placement suggested that markets may see an end to the worst of the credit crisis after the apparently orderly nationalization of Fannie Mae and Freddie Mac.

“They [Private Equity Placement] are not calling an end to the turmoil. They envisage continued volatility in the near-term but are quietly confident that the worst of the write downs in the financial sector are behind the market,” said the unnamed source.

Private Equity Placement cited stocks in technology and energy as being spectacular value for money following the recent sharp drops in global indices.