Analysts will have to "raise their numbers" for 2009, said Bob Doll, vice chairman of BlackRock. "I'm not going to pretend we're in a good economy; we're in a 'less bad' economy. But some [analysts] have gone too far to the negative side," he told CNBC.
Stocks opened higher Wednesday and continue to climb mid-morning — despite a glum GDP report — amid glimmers of health in financials. As everyone waits for the results of the banks' stress tests, analyst chatter is focusing on the regionals. David Faber has more.
The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter reflecting continuing economic woes. In the meantime, President Obama marks his 100th day in office while analysts anxiously await the latest from the FOMC's interest rate decision due this afternoon. (UPDATED with the Fed decision, below). Read and listen to what experts had to say...
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