Pros Say: S&P May Fall to 560
Economic gloom returned to the markets Thursday with warnings about further declines in demand and production hitting stocks and boosting bonds. Experts tell CNBC that the US economy will remain weak while China, despite grim data, is also showing some signs of stabilization.
S&P 500 May Tumble to 560
According to the charts, the S&P 500 has a downside target of 560, says Daryl Guppy, CEO of Guppytraders.com. Guppy & Michael Yoshikami, founder, president & chief investment strategist at YCMNET Advisors discuss when this bear market will end.
Bear Market Rally for Next Month
"There is a high probability that over the next few weeks we could have a bear market rally, i.e. the move that we've seen this week probably could extend until the middle of April," Bob Parker from Credit Suisse said.
US Economy Remains Weak
The U.S. economy will remain weak for months to come, says Milton Ezrati, partner, senior economist and market strategist at Lord Abbett. He speaks CNBC about the housing market.
Recovery Seen Middle of Year
A fundamental recovery will take place middle of the year, says Mark Hansen, director of trading at CPM Group.
China Showing Signs of Stabilization
There are some early signs of stabilization coming through in China and possibly, signals that its economy is back onto a growth trajectory, according to Peng Wensheng, director & head of China research at Barclays Capital.
Time to Put Money into China
This year is probably a good time to put more money into China, especially for investors with a long time horizon, suggests Wilfred Sit, CIO of Mirae Asset Global Investments.
Buy Dollar on Dips
Buy the dollar on any dips, advises Richard Yetsenga, regional FX strategist at HSBC. He tells CNBC what is keeping the dollar well bid in the near term. He also gives his take on how the dollar might fare against the other major currencies.
