Hopes that governments worldwide will aid ailing industries and implement stimulus measures to fight against a deepening economic crisis lifted Asian stocks Wednesday. Experts tell CNBC an end is near for the economic gloom.
A Rebound May Happen in 2009
The progressive elements are taking place for a rebound next year, believes Thierry Apoteker CEO, founder & chief economist at T-A-C Financial. He tells CNBC why he sees a very mild rebound in the U.S. economy by the second-quarter of 2009.
At the Climax of Negative News?
"We've been taught in the last 12 months not to believe with a 100% conviction in anything because the impossible seems to become the inevitable without pausing to become conceivable," Andrew Bell, European strategist and director at Rensburg Sheppards said.
The fourth quarter is going to be the worst for economies, Bell said.
Bell sees growth rates for the fourth quarter between -3 and -6% on an annualized basis.
Bell is bullish on stocks over a 12-month view, but predicts the current quarter to be quite volatile.
Emerging Markets Fall Out of Vogue
A very shallow recovery may be seen in the second-half of 2009, forecasts Mark Konyn, CEO of RCM Asia Pacific. But he tells CNBC that emerging markets are unlikely to come back into vogue for some time.
Time to Accumulate Stocks
You will be protecting your wealth by accumulating stocks now, says Thierry Apoteker CEO, founder & chief economist at T-A-C Financial. He tells investors that the cheap valuations are presenting good buying opportunities.
Invest in Pharma to Preserve Your Capital
Pharma stocks with good balance sheets, good cash yields, good dividends, and still relatively modestly priced offer a safe haven if you want to preserve your capital, Neil Wesley, UK equities fund manager at Aviva Investors said.
Buy Consumer Goods