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The Options Action traders offer their thoughts on next week's market action, with CNBC's Melissa Lee.
Last week, Mike sold the Disney December 28 strike put for $1.10. The stock has since rallied on strong earnings, with t...
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Current DateTime: 09:09:32 14 Nov 2009
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Current DateTime: 09:09:32 14 Nov 2009
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Current DateTime: 09:09:32 14 Nov 2009
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Wien: Stock Market Will End Year Higher Than Today
By: By CNBC.com | 15 Oct 2008 | 07:23 AM ET
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The stock market has hit a low and will end the year higher than it is today, a top market watcher told CNBC Monday.

Byron Wien, Pequot Capital Management's Chief Investment Strategist, said "we've made a low, we're going to rally and then retest it."

(Click here to see Byron Wien's interview)

Wien is optimistic enough about the market to see "opportunities in every sector," including financials, which will benefit from an "enormous number of policy moves."

Morgan Stanley [MS  Loading...      ()   ] is "an extremely strong company" and  "has a bright future," said Wien, who worked there for two decades.

Wien made his prognoses as JPMorgan Chase  [JPM  Loading...      ()   ] reported better-than-expected earnings for the third quarter, despite the credit crunch tumult. Coca-Cola  [KO  Loading...      ()   ] also also surprised on the upside.

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CNBC HIGHLIGHTS

  • Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
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