Market Tips: Why to Avoid Citi — and Euro Banks
Global stocks began second half of 2009 in positive territory on Wednesday after a successful previous quarter. Wall Street logged its best quarter in a decade in the second quarter. Experts tell CNBC how to invest in the new quarter.
Is It Safe to Bank On Citigroup?
Investing in Citigroup is really not an investment, but a speculation at this point, says Michael Yoshikami, founder, president & chief investment strategist at YCMNET Advisors.
European Financials Are Still a No No
There is a massive number of properties in Europe that have yet to be written down by banks, says Michael Yoshikami of YCMNET Advisors. He tells CNBC that investors should be very careful when looking at European financials.
Overweight Investment Grade Credit
Investment grade credit is the only asset class with the best returns, says Andrew Pease, investment strategist at Russell Investment Group.
Oil Prices Are About $10 Ahead of Fundamentals
Oil prices are about $10 ahead of the fundamentals of the market, says Dan Yergin, chairman, IHS Cambridge Energy Research Associates.
Wheat Won't Make Dough
Looking forward into the next quarter, Matthew Pierce, chief grains analyst at PitGuru.com does not see much of an opportunity in wheat versus corn and beans.
Finding Value in Q3
Finding value will be the main theme in the third quarter, says Arjuna Mahendran, head of investment strategy Asia at HSBC Private Bank.
Markets Ahead of Themselves
The markets have risen ahead of themselves, notes Paul Donovan, senior international economist at UBS.
Proof Needed to Back Up the Rally
Markets have rallied ahead of fundamentals, says Michael Yoshikami, founder, president and chief investment strategist at YCMNET Advisors. He tells CNBC that evidence is needed to back up the optimism.
Expect a Correction
The markets have gotten ahead of themselves, says Christoffer Moltke-Leth, head of sales trading for Asia Pacific at Saxo Capital Markets. He tells CNBC why he is expecting a correction.
"Reasonably Optimistic" on Aussie Market
Colin Whitehead, analyst at Fat Prophets is reasonably optimistic on the Aussie market over the next 12 months.
Betting on Aussie Equities
As Australia begins a new financial year, Matt Martin, institutional trader at Wilson HTM prefers equities to property, cash and bonds at this stage of the market.