CNBC Stock Blog
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
MOST SHARED
- The Executive Job Search
- S&P Stocks Trading at New 52-Week Highs
- Where Do Pardoned Turkeys Go?
- Salvation Army's Kettles Now Credit Card-Ready
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- Chinese Overcapacity is Worsening, EU Chamber Warns
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Foreign Demand Boosts US 7-Year Treasury Sale
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Bankruptcies Jump, Hitting Highest Level in Four Years
- AIG, Ex-CEO Greenberg Reach Pact to Settle Disputes
- Bank of America CEO Search May Extend Into 2010
- Steepest Black Friday Discounts, Revealed
- Fed to Counsel Moviegoers on How to Use Credit Cards
- 'Cancer of Fraud' Permeates Health Care System: Critics
- Where Do Pardoned Turkeys Go?
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
RSS FEED
Text Size 
CNBC News Associate
Mike Rubino, president of Rubino Financial, and Harry Clark, president and CEO of Clark Capital Management Group, shared their market strategies and investment recommendations in a bulls vs. bears discussion.
“The sky is not falling — it’s rising,” Clark told CNBC. He believes that the Dow will reach 12,000 by September or October of this year.
“Ninety percent of all stocks are above their 10-day moving average, which means we’re not going to have any more corrections above 5 to 6 percent—that’s historically a fact,” he said.
Clark said consumers have hit their lowest point and will start spending again, which is a bullish sign.
Second Opinion:
On the other hand, Rubino said while he is bullish in the short-term, there are still economic reasons behind his longer bearish outlook.
“Unemployment rate is rising, the housing market is horrible, banks aren’t lending, consumers aren’t spending, and to top it all off — we have the communization of the American economy,” said Rubino.
Recommendations:
Clark Likes:
Metals, Mining, Steel and Coal ETFs
Consumer Discretionary
Financials
Emerging Markets
Rubino Likes:
Energy—Especially Oil
Emerging Markets—Especially Asia
Disclosure:
No immediate information was available for Clark or Rubino.
______________________________
______________________________
Key Mining and Metals ETFs:
SPDR Gold Shares [GLD
Loading...
()
]
Market Vectors Gold Miners [GDX
Loading...
()
]
SPDR S&P Metals & Mining [XME
Loading...
()
]
Market Vectors Russia [RSX
Loading...
()
]
(driven by mining/metals)
Market Vectors Steel [SLX
Loading...
()
]
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes