Pros Say: No Fat Lady Singing for this Rally
Global stocks were higher Friday, the first day of May, as investors were encouraged by the returns in April's strong market performance and batted off news of Chrysler's bankruptcy announcement and deepening concerns about the swine flu outbreak. Experts tell CNBC this recent market rally is not over yet.
Rally Ain't Over
The rally isn't over yet, said Bob Doll, chief investment officer of global equities at BlackRock. He explains why he thinks the market has finally turned the corner, and shares his views about Chrysler's bankruptcy.
Bankruptcy Gives Chrysler Options
Filing for bankruptcy will give Chrysler some options, says Michael Yoshikami, president and chief investment strategist at YCMnet Advisors. He shares his thoughts on the struggling auto sector and his investment strategy.
Banks Need to Raise Capital
Due to continued asset problems on banks' balance sheets, Bob Doll, chief investment officer of global equities at BlackRock tells CNBC to expect more writeoffs and explains why most banks will need to raise capital one way or another.
Financials Eye US Stress Tests
Markets will be keeping an eye on the U.S. stress test results next week, says Joe Youssef, head of Private Clients at Austock.
Japan Will Emerge Leaner & Meaner
Expect Japan to emerge leaner and meaner when it comes out from a recession in the next 3-4 months, says Jesper Koll, president and CEO at Tantallon Research Japan. He explains why he is bullish on Japan.
China's Export Powers
As exports to the U.S slow, country's are looking to other powers like China, says Michael Woolfolk, senior currency strategist at the Bank of New York Mellon.
Banking System is Fixed
The banking system has effectively been salvaged and the economy will recover, Peter Toogood from Old Broad Street Research told CNBC. Toogood is bullish on the stock market.
Run with the Bulls
“At the moment the momentum is definitely with the bulls,” Chris Price from LV=Asset Management told CNBC about the outlook for stocks. Arifa Sheikh-Usmani from Spreadex joined the discussion.