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Video: Good News -- For Bears Only!

Good news -- for bears: The markets are still heading lower, according to Kirby Daley, senior strategist at the Newedge Group.

He tells CNBC that investors are being overly optimistic when it comes to equities -- because the U.S. economy isn't even close to a recovery. See the interview in video at left.

(He's not alone: A report Monday says the outlook is worse for Fannie Mae and Freddie Mac .)

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CNBC's Companies in the News:

- General Electric (Story: Financial M&A)*

- BHP Billiton (Story: Profit up 30%)

- UnionBanCal (Story: Buyout deal near)

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Disclosures:

*GE is the parent company of CNBC.

Disclaimer

Symbol
Price
 
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%Change
BHP
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FNMA
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FMCC
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GE
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