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Current DateTime: 06:08:45 28 Nov 2009
LinksList Documentid: 30328029
Stock Strategy Now: Bull vs Bear
Published: Monday, 11 May 2009 | 3:53 PM ET
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By: JeeYeon Park
CNBC News Associate

Jason Pride, director of research at Haverford Investments, and Andrew Kanaly, chairman of Kanaly Trust Company shared their outlook on the economy and where investors should put their money.

“It’s still a bear market rally and you’re going to see pullbacks all along the way,” Kanaly told CNBC. “This one may very well have some time to go.”

But Pride told investors that this is the “beginning of a new bull market.”

“We think that anybody out there saying that this is just a bear rally is way too hopeful that they’re going to find another bottom to get back in,” he said.

Recommendations:

Pride Likes:

CVS Caremark [CVS  Loading...      ()   ]

Walt Disney [DIS  Loading...      ()   ]

Air Products & Chem [APD  Loading...      ()   ]

In the meantime, Kanaly said while he is not entirely on the sidelines, this recovery has a long way to go.

“To look at this by normal economic projections, the serious indebtedness overhanging this economy is going to take years to unwind,” he said. “This is not your typical recovery.”

Kanaly Likes:

Emerging Markets

Kanaly Dislikes:

S&P Financial

S&P Consumer Discretionary

Disclosure:

No immediate information was available for Pride or Kanaly.

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