Pros Say: Recession to End This Summer (Updated)
Investors saw some glimmers of hope in the economy as various data and Wednesday's FOMC statement helped boost stocks on Thursday. Some bullish experts even said there may be better days to come sooner than previously thought. Read and listen to what experts had to say... (Updated)
S&P 500 in a ‘Fair Range’
Scott Jacobson, chief investment strategist at Capstone Sales Advisors said the S&P 500 is in a “fair range,” but there are still high risks for stocks and the economy. He also said that implied volatility tells investors they could trade from about 725-970 over the next few months.
Learning From Our Past
According to psychiatrist James Grubman, “it’s one thing to forget a painful event, such as the current economic turmoil, but it’s another to not learn from it.” He fears that when financial times are better, people may go back to old spending habits. Find out why it is important for people to improve their memory and maintain a longer attention span.
End of Recession 'in Sight’
Based on an “array of different leading indicators,” Lakshman Achuthan, managing director at Economic Cycle Research Institute, said “the end of the recession is now in sight.” Specifically, he said the recession will end by this summer.
A (More) Positive Third Quarter?
Robert Barbera, chief economist of ITG, said he sees a slightly negative second quarter, followed by some growth in the third quarter. However, he warned that "green shoots" are tentative in the demand, housing and consumer-spending sides.
Universal Health Care Needed
Former Health and Human Services Secretary Donna Shalala emphasized the importance of reducing health care costs and providing universal coverage. Lauding President Obama’s plans on health care reform, she said that the pair make an “important contribution to bringing the economy back.”
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