CNBC Stock Blog
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- Wave of Debt Payments Facing US Government
- The Social Media Gaming Threat
- China Eastern to Complete Shanghai Air Buy by End '09
- Gold Will Collapse Like Oil Did in 2008: Charts
- Paul: Audit the Fed
- Prepare For Large Decline In Stocks, Next Year?
- JAL Slides to Record Low on Bankruptcy Jitters
- Nielsen Ratings Coming to Video Games
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- How Many US Consumers Will Shop this Weekend?
- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- World's Largest Share Issue Priced at Deep Discount
- Obama says Boosting US Jobs is Top Priority
- Playboy to Outsource Most Magazine Operations: Report
- Why the Dollar Will Likely Stay Weak for Some Time
- Appeals Court Denies Microsoft's Alcatel Petition
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
RSS FEED
Text Size 
CNBC News Associate
Stocks rallied on Monday on optimism about the slew of earnings ahead this week. So how should investors be positioned? Nick Calamos, head of investments and chief investment officer of Calamos Investments, and Brian Belski, chief investment strategist at Oppenheimer, shared their market insights. (Scroll down for Belski's recommendations.)
“The rising market continues to surprise most people,” Belski told CNBC.
“A lot of people were looking for a lot weaker earnings season, and looking for that as a potential catalyst for a correction, but that’s not been the case.”
Belski said the markets are going to see a "V-shaped" bottom and that stocks are going to be higher a year from now than they are today.
“One of the most crowded trades is long gold and short dollar,” he said. “So when we start to see a positive turn in GDP, those two trades are going to unwind.”
CNBC Data Pages:
In the meantime, Calamos said that although there will be a "V-shaped" recovery, it will not be sustainable.
“And we’re going to a lower plateau for GDP growth,” he said.
“You want to have equity exposure, global equity exposure. A weak dollar and an increasing amount of debt in this government do not solve our problems—we need to stay competitive on a global basis and give companies incentives to hire people.”
More Market Intelligence:
Additionally, Calamos said that results based on his “misery index” show that the shock to the average household is larger than it was before the Great Depression.
“It gives you an indication of what kind of consumption and savings rate we may have in the future and what it means for risk capital,” he said. "So in a nutshell, it’s been a huge shock to households—the depreciation in assets, real estate mortgages and what that means for the equity and bond markets.”
Belski’s Recommendations:
Overweight:
Health Care
Industrials
Info. Tech
Underweight:
Consumer Staples
Utilities
______________________________
CNBC Slideshows:
______________________________
______________________________
CNBC's Companies in the News:
Bank of America [BAC
Loading...
()
]
Symantec [SYMC
Loading...
()
]
Caterpillar [CAT
Loading...
()
]
______________________________
Disclosure:
No immediate information was available for Belski or Calamos.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes