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At a time when many investors are looking to cash out, some market experts caution to stay in.
Now is not the time to sell, David Katz, of Matrix Asset Advisors told CNBC's Erin Burnett on "Squawk on the Street."
"The last time stocks were this cheap was in the early '70s," he said. "We think if you have any sort of perspective, stocks are going to be higher."
McGraw-Hill, for instance, is "dirt cheap at eight times earnings," he said. He also suggested investors look at Dell , Cisco , and Devon Energy.
Lawrence Glazer, of Mayflower Advisors, also advised investors to lose the victim mentality.
"It's never paid to sell into that fear," he said. "Take advantage of these opportunities; they happen once in a lifetime."
Glazer outlined two choices for the investor on "Squawk on the Street."
Last week, it was the Lehman Brothers credit default swaps at the heart of the market's palpatations. The next thing will be Washington Mutual swaps, says Craig Columbus, Advanced Equities Asset Management chief market strategist.
Blue chips may be black and blue, but Tim Bajarin of Creative Strategies sees potential in the tech sector.
“Technology is not going away, it’s only going to have a stronger position in the market over time.”
As government officials weigh how to limit executive pay at financial firms looking for a handout from the bailout, proxy advisor Glass Lewis & Co. has released its report on executive pay in 2007.
Using its own pay-for-performance formula, Glass Lewis, reveals the 25 S&P 500 CEOs it considers to be the most overpaid, and the 25 it sees as the most underpaid. (The report also takes a look at Russell 3000 CEOs as well.)
The formula takes annual compensation into account. It also includes the company's performance, using metrics that include the firm's 2007 net income, its share price performance and its return on equity. What the formula excludes is a CEO's deferred compensation, which is included in a CEO's total compensation as disclosed in SEC filings.
What companies overpaid their CEOs? According to the report, SprintNextel , homebuilders KB Homes and Pulte Homes , CBS , General Motors and Ford . It is interesting to note, the CEOs of the failed brokerages Bear Stearns and Lehman Brothers weren't included on the list. But remember, their troubles, while apparent last year, accelerated in 2008.
As far as the best values, Apple , Amazon and the oil services firm Schlumberger were among those companies underpaying their executives, executives who delivered superior performance last year.
Peter Eliades, analyst at Stockmarket Cycles, told CNBC that although we have not yet hit market bottom, there are still a few stocks that look "interesting."
Sri Raman, senior analyst at StarMine, pinpointed companies that are expected to announce both positive and negative earnings surprises in the coming weeks.
The stock market is likely to bounce back at some point and the bounce will have "some magnitude" but longer term the economy will still struggle, Bob Doll, Vice Chariman & Global Chief Investment Officer of Equities BlackRock told CNBC.
"Don't expect huge economic growth post recession ... as such I think you need higher-quality names in your portfolio," Doll said.
When the market bounce happens, economy-exposed sectors such as energy and insurance are likely to bounce.
This market is now a bear-within-a-bear: The S&P 500 have given up 20 percent since Sept. 1, 2008.
To paraphrase the Beatles, about 30 S&P stocks are "half the stock I used to be": down by 50 percent or more.
160 stocks have lost more than 25 percent month-to-date
325 stocks are at 52-week lows
25 stocks are at ALL-TIME lows
17 stocks have share prices less than $5
Only 15 stocks are up month-to-date
The Big Losers:
(percentage change downward since Sept. 1)
General Growth Properties
Las Vegas Sands
A global round of rate cuts was coordinated by the U.S. Federal Reserve, European Union, Switzerland, Canada, Sweden and the Bank of England. But the stock markets' response was tepid at best.
Steve Forbes, chief executive of Forbes, told CNBC that solving the global economic crisis will require a more than the rate cuts.
First and foremost? Hank Paulson and the Treasury should act quickly to end the mark-to-market "nonsense."
After the global rate cut, why was the market rally so weak? Art Hogan, chief market strategist at Jefferies & Company, offered his insights to CNBC. He also gave sector picks and portfolio allocation advice.
Everyone welcomed the coordinated rate cuts from the U.S. Federal Reserve, European Union, Switzerland, Canada, Sweden and the Bank of England. But Hogan compared the intercontinental move to an ambulance:
"You're glad it got to your house in time. But you don't celebrate the fact that you needed an ambulance in the first place."
So what will it take to get stocks booming again?
"What the [equities] market wants is to see the credit markets working again. The first time you see a TED spread that collapses instead of expanding, or the first time we see the Libor rate coming down, the market's going to blast off." (Check those spreads here )