CNBC Stock Blog
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- China Eastern to Complete Shanghai Air Buy by End '09
- Gold Will Collapse Like Oil Did in 2008: Charts
- Wave of Debt Payments Facing US Government
- Paul: Audit the Fed
- Weak Dollar Is Golden for Mining Companies
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- JAL Slides to Record Low on Bankruptcy Jitters
- Nielsen Ratings Coming to Video Games
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- US Economy Mired in 'Form of Depression': Rosenberg
- Strong Banks, Weak Credit: Treasury Rethinks TARP
- Weak Dollar Is Golden for Mining Companies
- How Many US Consumers Will Shop this Weekend?
- GE Capital Losses May See Dramatic Fall: JP Morgan
- Galleon's Rajaratnam Denies Inside Trading Charges
- Hormel Profit Jumps Despite Declining Sales
- Heinz Profit Falls, Raises Full-Year View
RSS FEED
Text Size 
CNBC News Associate
Scott Wren of Wells Fargo Advisors and Lee Eugene Munson of Portfolio Asset Management shared their views on the economic outlook.
“Right now, the market is happy with the vision that we’re going to see some stabilization here,” Wren told CNBC. “We’re seeing news that is still bad, but it’s less bad than the prior month.”
But Munson said it’s going to be at least early- to mid-2010 before the economy will see any signs of a recovery.
“I think I see this momentum is starting to burn down,” said Munson. “I’d be a little more cautious and take some money off the table.”
“We are more 'long' right now than we ever have been,” he said. “We’re about 60 percent 'long,' but we have about 20 percent of our portfolio 'short.'”
Recommendations:
Munson’s Picks:
Horizon Lines [HRZ
Loading...
()
]
Knightsbridge Tankers [VLCCF
Loading...
()
]
UltraShort Consumer Services [SCC
Loading...
()
]
UltraShort Financial [SKF
Loading...
()
]
Munson’s Pans:
Technology
Wren’s Picks:
Consumer Discretionary
Financials
Industrials
Disclosure:
Munson, his family and firm own shares of Horizon Lines, Knightsbridge Tankers, UltraShort Consumer Services and UltraShort Financial.
No immediate information was available for Wren or his firm.
Data is a real-time snapshot *Data is delayed at least 15 minutes