CNBC Stock Blog
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 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
MOST SHARED
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
RSS FEED
Text Size 
Although the Dow closed Thursday at its highest level since January 6, Tony Dwyer, equity market strategist with FTN Equity Capital Markets, still isn't convinced a recovery is imminent.
But for David Kelly, chief market strategist with JPMorgan Funds, it's a sign the "economic fog" is starting to clear.
"That Armageddon situation is off the table," Kelly said, referencing the market lows reached on March 9.
(Watch the video for the full interview.)
With the recovery comes plenty of opportunities for investors, who haven't come too late to the stock rally, Kelly said. He recommends investors consider the technology sector, where there aren't as many "question marks" as in financials and health care.
But despite the rally, Dwyer said economic fundamentals such as strong consumer headwinds will prevent an immediate recovery.
"I think right now what we have on the positive side is upward price momentum," Dwyer said. "We're in this tug of war that's probably going to last a little while longer."
His advice: investing in corporate bonds.
"Other than this cycle they are historically dislocated and attractive, and money is definitely flowing in," he said.
______________________________
CNBC Slideshows:
___________________________
______________________________
CNBC's Companies in the News:
Bank of America [BAC
Loading...
()
]
Toll Brothers [TOL
Loading...
()
]
General Motors [GMGMQ
Loading...
()
]
Yahoo [YHOO
Loading...
()
]
Ford [F
Loading...
()
]
______________________________
Disclosures:
Disclosure information was not available for Dwyer, Kelly or their companies.
Data is a real-time snapshot *Data is delayed at least 15 minutes