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Video Roundup: Trillion Dollar Survey

Amid worries about the housing market, rising debt spreads and higher energy costs, the majority of those surveyed in a special CNBC poll are confident U.S. stocks will end the year at new highs.

In addition, the results of our "Trillion Dollar Survey" show most respondents see the Dow exceeding 14,000 by year's end and over half predict the S&P will touch the 1650 mark.

The survey, conducted between July 5 through July 11, asked 60 of Wall Street's top money managers and investment strategists their opinions on a variety of questions, from when the Fed's next interest rate will occur to who will be the next president.

Here's a samping of what people are saying.

Survey participant, Robert Doll, Blackrock Vice Chairman and Global Chief Investment Officer of Equities, shared a somewhat cautious view on "Squawk On The Street." "The good news is, there is liquidity, earnings are good - not great anymore - still good, but there are flies in the ointment" adding that worries on subprime, mortgages rising debt spreads and higher oil prices should still be considered.

So, what's an investor to do? Doll recommends the energy and technology sectors saying, "We like things that have lots of earnings and earnings growth outside the United States where things are happening faster, adding that he likes companies with widely-exposed global franchises, regardless of where they are headquartered.

According to our survey, two thirds of the respondents want the GOP to win the presidency in 2008, but 75% expect a Democrat will take the White House. Almost two-thirds polled say Senator Hillary Clinton will head the Democratic ticket, while about 50% believe former New York City mayor Rudy Giuliani will win the Republican nomination.

Chief Washington correspondent John Harwood and "Power Lunch" co-host Sue Herera discuss the political landscape with James Pethokoukis, U.S. News & World Report assistant managing editor.

Although 65% favor a bill in Congress that would tax publicly traded private equity partnerships as corporations, Pethokoukis says "there's no great yearning on Wall Street for $2 trillion worth of tax increases that'll happen if we let these Bush tax cuts expire."

Jack Ablin, chief investment officer at Harris Private Bank, also a survey participant, has a typically bullish view of the market, "I think that largely due to the fact interest rates have been as low as they have for as long as they have helped deal flow and buyouts, buybacks and have helped markets all the way up." Ablin likes "defensive growth areas," such as consumer staples, healthcare, materials and energy.

When asked what could derail this bull run, Ablin points to one of the hot topics on Capitol Hill -- protectionism. "The problem is really once we start putting up barriers and inhibiting free trade, that's going to create inflation here domestically and weaken growth worldwide."

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