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Pros Say: Expect a Positive GDP in Q2

Published: Tuesday, 26 May 2009 | 3:00 PM ET

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By: JeeYeon Park
CNBC News Associate

Stocks recovered from a lower start on Tuesday as consumer confidence hit its highest level in eight months. Getting the market off to a jittery start after the three-day weekend, the decline in Case-Shiller housing prices showed no signs of letting up. Read and listen to what the experts had to say...

S&P Over 1,000 by Year-End

Steve Auth of Federated Investors said he expects the S&P to climb over 1,000 by the end of the year. He said the economy has already bottomed and that the U.S. could produce a positive GDP in the second quarter.

BlackRock's Bob Doll: S&P 1,000 By Year End

Green Shoots Could Turn Into ‘Tumble Weeds’

“The green shoots could turn to tumble weeds later on, but I think it’s important to draw the distinction between where we are now and where we are likely to be in the next two years,” said Michael Darda of MKM Partners. He said investors should take a bullish stance in the 18 months.

Financial Assets Over Real Assets

Former Merrill Lynch Chief Investment Strategist Richard Bernstein said he is a bigger fan of financial assets than real assets. “I’m not particularly worried about inflation because of this huge excess capacity that you have in the global economy right now,” he said.

Buy This US Bank: Stock Picker

Oil Outlook

Joe Petrowski of Gulf Oil said the recent strength in oil and gas prices is driven by the weak dollar, economy and demand. He said small gas retailers are especially hard hit and as a result, have to rely more on strong inside sales and selling non-petroleum goods.

Investor Spring Cleaning - A CNBC Special Report
What to do With Troubled Assets

John Garvey of PricewaterhouseCoopers said the disposal of troubled assets needs to be the first priority for policy makers. The creation of a sovereign bad bank structure has been the most successful tool employed; and delaying the use of bad banks in past crises has been costly, he said.

Negotiating a Carbon Agreement

James Rogers of Duke Energy said now is the time to negotiate a carbon agreement. “The important thing is to get a cap on emissions, to get a price on carbon, to get us on this journey forward and to negotiate the transition to the middle of tough economic times,” he said.

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