After Bernanke Speech: What Should Investors Do?
Fed Chairman Ben Bernanke spoke--but it seems few investors listened. Stocks drifted lower after his speech. So--what's the next move for investors in 2007? That's the question for two analysts on Closing Bell. Citigroup's Chief U.S. Equity Strategist and Managing Director, Tobias Levkovich is very bullish on the economy.
He doesn't think housing will break the economy. Levkovich sees buying opportunities in non-industrial cyclicals - such as semi-conductors and also in retail. What's his bottom line? A good environment for stocks.
Dean Maki is Chief U.S. Economist at Barclays Capital. He expects growth to pick up but agrees with the Fed Chairman that core inflation will remain elevated.
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