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Current DateTime: 09:36:24 25 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Aug.18
10:48 AM ET
Monday, 18 Aug 2008
Video: Good News -- For Bears Only!
Posted By:CNBC.com

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 [FNM  Loading...      ()   ] and Freddie Mac [FRE  Loading...      ()   ].)

__________________________________
CNBC's Companies in the News:

- General Electric [GE  Loading...      ()   ] (Story: Financial M&A)*

- BHP Billiton [BHP  Loading...      ()   ] (Story: Profit up 30%)

- UnionBanCal [UB  Loading...      ()   ] (Story: Buyout deal near)

__________________________________

Disclosures:

*GE is the parent company of CNBC.

Disclaimer

© 2009 CNBC.com

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Current DateTime: 12:56:53 25 Nov 2009
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