Investors are buying more qulity stocks on the dips, which is helping to support the stock market, Michael Gurka from Empower Global Funds told CNBC Friday.

"The markets right now are at a little bit of a pause," Michael Gurka from Empower Global Funds told CNBC Friday when discussing the outlook for stocks. There are growing fears of a double-dip recession, he added.

In Europe people are still looking at what went wrong instead of looking forward, Lars Thunell, CEO of IFC, told CNBC Friday. In Dubai and Asia people are looking toward future growth, he added.

The EU's choice of Herman Van Rompuy as its first president gives the union a lot of credibility and shows it doesn't pander to political pressure, Elizabeth Carey from Clontarf Capital told CNBC Friday.

The second installment of the Twilight film series opens in most countries this weekend. "The 'Twi-hard' fans will see this movie no matter what," Darryl Collis, CEO of Seesaw Media, said Friday. "There has been a lot of hype since the last movie came out back in 2008."

Japan's government said the country's economy has slipped back into deflation Friday, as the Bank of Japan operated on its economic assessment and kept interest rates on hold, as expected. Jesper Koll, president & CEO of Tantallon Research, said the government's comments are long overdue as prices have fallen for the last 10-12 months.

Japan's government said the country was in a mild state of deflation Friday. The comment pushed the Nikkei 225 Average down 0.5% to the lowest close in over four months. The Nikkei's Ken Moriyasu has the details.

"The labor market is always a kind-of lagging indicator, less so a bit in the US than elsewhere," Brian Coulton from Fitch said Friday after US weekly jobless claims came in unchanged. "The US economy is picking up in our view, but the labor market probably won't hit bottom until the middle of next year."

In this last quarter, we've seen a pattern forming where the first two weeks of each month are "very bullish," while "upside momentum begins to wane" mid-month, and finally near the end of the month stocks decline, Piers Curran from Amplify Trading said. Dariusz Kowalczyk from SJS Markets Limited joined the discussion.

We are "almost near the inflection point" where we will see "incremental evidence" that U.S. unemployment is "getting less worse; the increase in unemployment is slowing down," Margie Patel from Evergreen Investments said Thursday ahead of weekly US jobless data.

The Federal Reserve and European Central Bank will keep interest rates on hold until the end of 2010, the OECD said Thursday. Margie Patel from Evergreen Investments and Tim Harris from Harris Capital discuss the implications of this scenario for investors.

Asia is leading the global economy out of the downturn, but the recovery will be marred by high unemployment and huge government debt across developed countries, the OECD said Thursday. Tim Harris, CEO of Harris Capital, considers the removal of various governments' stimulus measures.