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Pros Say: Treasury Rate Spike Signals Economic Strength

Stocks rebounded on Thursday, as crude prices climbed after inventories were pared more than expected. The market had gotten off to a wobbly start, as investors juggled a bleak report on new-home sales with the unexpected drop in jobless claims and General Motor's deal with bondholders. Read and listen to what the experts had to say...

Still More Problems to Fix

We’ve still got further to go to work off the problems from 2003 and those problems won’t be fixed in the short term, said Douglas Peta of Peta & Associates. He said the financials and the overall market have come too far, too fast. This is a bear market rally, not a new bull market, he said.

Treasury Rate Jump = Economic Strength?

The jump in Treasury interest rates can be looked at as a strength in economy, said Linda Duessel of Federated Investors. She said the rates will continue to rise. “We don’t think there’s super-inflation to come at all. We’ll see more deflationary concerns coming,” she said.

Rate Increase Will 'Hinder Private Sectors'

Mark Vitner of Wachovia Corporation criticized the Treasury rate increase, saying this will hinder private sectors from growing. “I think below 3 percent seems appropriate given how much uncertainty we have in the economy right now,” he said.

Will Oil Reach $147 Again?!

Peter Beutel of Cameron Hanover said he sees more longer-term investors putting their money in oil. “A lot of us are terrified that we could see hyperinflation and oil will be one of the leaders in that,” he said. If this happens, he said oil prices could spike to the highs of last year’s levels.

Reviving the Sick Health Care Sector

Pres. Obama's health care overhaul is a hostile takeover of the industry aimed at increasing the size of the Federal government, says Dick Armey, former House majority leader. The president is passing up many opportunities to reduce health care costsand make it more affordable.

'Crucial to Keep Autos Alive!'

“The government is taking over everything!” said Donald Marron of Lightyear Capital. He said it is crucial to keep the auto industry aliveand running because it is intertwined with thousands of communities in America. “The whole secret to the historic bankruptcies that are successful is that they reposition the company to grow,” he said.

Investor Spring Cleaning - A CNBC Special Report
Investor Spring Cleaning - A CNBC Special Report

How the Garden State Fights the Crisis

Gov. Jon Corzine (D-NJ) said that it is not the federal government's responsibility to enter into any states and that his state does not need a bailout. Instead, he said New Jersey “needs the political courage to make the fiscal decisions to adjust spending.”

What Would Reagan Have Done?

Ken Duberstein, chief of staff to late Pres. Reagan, criticized the current administration’s economic plans. He said unlike Obama, Reagan would not have been in control of the markets and would have had a clear way to get out. “I’m not sure where the administration is goingand how we’re going to get out,” he said.

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CNBC's Companies in the News:

General Motors

P&G

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Ford

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Target

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Morgan Stanley

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