CNBC Stock Blog
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- Commercial Real Estate Bottom Near: Market Pro
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
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- Deep Discounts Should Make It a Very Tech-y Holiday
- The Richest Members of the US Congress
- New Consensus Sees Stimulus Package as Worthy Step
- Wall Street Jobs Slow to Return Despite Record Profits
- Thanksgiving Week Stuffed With Economic News
- Black Friday Deals May Not Signal Retail Comeback
- Investors to Goldman: Be Less Greedy
- UPS Sets New Rates For 2010
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- 'New Moon' Takes Record $72.7M Box Office Bite
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CNBC News Associate
Russ Koesterich, head of investment strategy at Barclays Global Investors, and Jason Trennert, chief investment strategist at Strategas Research Partners, shared their economic outlooks.
“It’s more dangerous to be short than long, mainly because there is such enormous government influence in the markets,” Trennert told CNBC.
“It’s very likely you’re going to see a false sense of prosperity between now until the end of the year.”
In the meantime, Koesterich said despite the inventory correction, which will help in the long term, the biggest headwind facing the economy is consumer deleveraging.
“[Consumers will] probably delever for several years and that’s going to drag growth probably through 2011 to 2012,” he said.
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CNBC's Companies in the News:
JPMorgan Chase [JPM
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Bank of America [BAC
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American Express [AXP
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Google [GOOG
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Data is a real-time snapshot *Data is delayed at least 15 minutes