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Investment Strategists Debate: Is The Correction Over?

Wednesday, 4 Apr 2007 | 3:27 PM ET

A seesaw market Wednesday after the prior day's rally makes many wonder: is the February correction really over? Neil Donahoe, chief investment officer at SYM Financial Advisors and Michael Sheldon, chief market strategist at Spencer Clarke, joined Sue Herera on "Power Lunch" to give their market outlook.

Market Mavens
Even though stocks appear to be looking for a new direction, the worst of the correction may be over, with Neil Donahoe, SYM Financial Advisors CIO; Michael Sheldon, Spencer Clarke LLC chief market strategist and CNBC's Sue Herera

Donahoe believes that the correction is over. “This is a resilient market,” he said. “This will be a choppy but positive year for the markets.”

However, Sheldon believes that the correction is not yet over. “There’s more to the correction in the weeks ahead before further upside.” Sheldon points out that markets are closer to the highs than the lows: “There are still some uncertainties, including upcoming earnings.”

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  • Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."

  • Tyler Mathisen co-anchors CNBC's "Power Lunch." Mathisen also co-anchors "Nightly Business Report produced by CNBC."

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