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Pros Say: Recession Won't Have a Second Dip

Published: Tuesday, 28 Jul 2009 | 1:43 PM ET

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By: JeeYeon Park
CNBC News Associate

Stocks skidded Tuesday after a weak consumer confidence report amid job market fears. Investors weighed another batch of disappointing earnings results against stronger housing: The S&P/Case-Shiller Home Price index posted its first month-over-month gain in nearly three years for May, though prices were still down sharply from a year earlier. Read and listen to what the experts had to say...

Don’t Expect a W-Shaped Recession

The economy is unlikely to experience a double-dip recession, says Paul Mortimer Lee at BNP Paribas. “We’re bouncing up—some of it might be temporary—but a lot of it has to do with the housing," he said. "When the U.S housing market turns as it has, then typically the economy turns. But it will be quite difficult to make profits grow from here.”

S&P Can Surge if It Holds 945: Charts

Cautiously Optimistic on Markets

Steve Gold of Turner Investments is cautiously optimistic on the markets. “The recent run in the market, we’ve seen large cap companies and some better quality companies starting to lead the market and we think that is encouraging,” he said.

Dow 10,000? Charts Say Yes

Economic Uncertainty to Weigh on Stocks

The current rally is liquidity driven and it is unclear whether the market can sustain the upward momentum, said Stephen Koukoulas from TD Securities. "We've got to be realistic here and have an assessment on just how strong is the economy," he said.

Cramer: Prepare for the Coming Correction

Stock Rally Running Out of Air

"The oxygen is starting to get a bit thinner" as stocks continue to rise, said John Haynes of Rensburg Sheppards. The three-to-six month outlook will be a bit more challenging, he added. “The [economic] improvement may take a little longer and be harder work in 2010,” he said.

Farrell: Why This Market Scares Me

Investors Need a Realty Check

Stock markets are still stuck in a trading range and investors need a dose of realism, said Justin Urquhart Stewart from Seven Investment Management. “I’m still not wildly convinced by [the rally],” he said. “Companies don’t grow by cutting costs…We need to be aware of where the growth is really coming from.”