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Pros Say: Hold Your Horses, Banks Not Healthy Yet

CNBC.com
Wednesday, 29 Apr 2009 | 5:00 AM ET

Ahead of the May 4 bank stress test results, experts tell CNBC that the financial system may not be in the clear yet.

Restoring Trust

Restoring customers' trust is vital for those in the investment management business, says Dave Seymour, global head of investment management at KPMG.

Financial Crisis Still Has Long Way to Go

Hold on to your horses as the global financial crisis still has a long way to go, says Jim Walker, founder & CEO at Asianomics. He tells CNBC that we are probably in the horizontal part of a L-shaped recession.

Clean Bill of Health for US Financials?

Although the bank stress tests showed that 19 of the biggest U.S. financials are fine, Jack Bouroudjian, chairman at Capital Markets Technology still does not give this sector a clean bill of health.

Impact of Swine Flu on US Markets

The swine flu outbreak is not affecting market sentiment in the U.S. as much as in the East, Jack Bouroudjian, chairman at Capital Markets Technology said.

Will the Flu Kill Market Optimism?

Clem Chambers, CEO of ADVFN does not think the swine flu outbreak will be able to derail the optimism in the market, but it will be a drag for a couple of weeks.

Dollar Bullish

Adam Carr, senior economist at ICAP, is bullish on the dollar and expects the USD to hit 100 yen. He tells CNBC, he believes in a V-shaped recovery and sees the U.S. benefiting from stimulus spending.

Potential Flu Pandemic Positive for Telcos

A potential flu pandemic may benefit telcos as people cut back on travel and make greater use of teleconferencing, says Gerhard Fasol, CEO of Eurotechnology Japan KK.

Mexican Peso in Focus

The longs in the Mexican peso are one of the highest amounts compared to other currencies, says Rhonda Staskow, senior currency analyst at Action Economics. She speaks to CNBC about the impact of the swine flu outbreak on the peso.

Gold May Hit $1,000

Gold could spike back to $1,000, according to Daryl Guppy, CEO of Guppytraders.com.

More Pain to Come for Japan's Steel Sector

The Japanese steel industry's performance will be much worse compared to the other exporting sectors, says Susumu Kato, chief economist at Calyon Capital Markets.

Buy the Dips, but Not for Long

Stock market sentiment is generally positive in the short term, Dodge Dorland from Landor Capital Mgmt told CNBC. Dorland is buying the dips, but only with a two-or-three week outlook.

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