JeeYeon Park is the stock market writer for CNBC.com. She graduated from Middlebury College, where she majored in psychology and minored in Japanese studies.
JeeYeon Park is the stock market writer for CNBC.com. She graduated from Middlebury College, where she majored in psychology and minored in Japanese studies.
Despite the continuing market rally, Rob Morgan of Clermont Wealth Strategies suggested that investors still remain cautious.
It looks like the markets are in the midst of climbing over a “wall of worry,” said Alec Young at Standard & Poor’s. He expects the market rally to continue and for investors to start putting their money to work.
The economy is headed for a “very long and damaging economic downturn” that will not see any recovery in 2009, said Harvard University professor Martin feldstein on Wednesday.
According to Tom Albanese, CEO of Rio Tinto, infrastructure stocks will see a boost in the second half of 2009 — thanks largely to the U.S. and China.
"There’s a lot out there that’s very attractive from sustainable dividends," said Peter Andersen of Congress Asset Management. He shared a few strategies to boost investors' portfolios before the weekend.
Despite the drawback in stocks this morning, Bill Spiropoulous of CoreStates Capital Advisors told CNBC that the market recovery “is in full swing” — but Joe Heider of Dawson Wealth Management said investors “can’t call the bottom” yet. Both had investment recommendations.
As oil prices rise, deep water drilling will be an area of solid growth, said Rob Lutts, founder and CIO of Cabot Money Management.
Exchange traded funds (ETFs) have recently been in high demand. According to Anthony Rochte, senior managing director at State Street Global Advisors, ETF volumes are “up at almost 38 percent of all U.S. traded equities through the first quarter.”
Amidst investor uncertainty about Treasury Secretary Timothy Geithner’s latest plans to rid banks of toxic assets, Dirk Becker of Kepler Capital Markets remains optimistic. He told CNBC that the plan may even make investment bank stocks a worthy investment.
Markets have been performing well in the past few days in response to numerous economic data—but can we really trust that this is the bottom? Two strategists, Harry Clark of Clark Capital Management Group and Joe Clark of Financial Enhancement Group, discussed their views on CNBC.