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
- China Eastern to Complete Shanghai Air Buy by End '09
- Gold Will Collapse Like Oil Did in 2008: Charts
- Wave of Debt Payments Facing US Government
- Paul: Audit the Fed
- Weak Dollar Is Golden for Mining Companies
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- JAL Slides to Record Low on Bankruptcy Jitters
- Nielsen Ratings Coming to Video Games
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 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
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- US Economy Mired in 'Form of Depression': Rosenberg
- Strong Banks, Weak Credit: Treasury Rethinks TARP
- Weak Dollar Is Golden for Mining Companies
- How Many US Consumers Will Shop this Weekend?
- GE Capital Losses May See Dramatic Fall: JP Morgan
- Galleon's Rajaratnam Denies Inside Trading Charges
- Hormel Profit Jumps Despite Declining Sales
- Heinz Profit Falls, Raises Full-Year View
RSS FEED
Text Size 
CNBC News Associate
The Dow finished slightly higher on Tuesday in light, choppy trading following Monday's robust rally. Is this rally sustainable—and how much further does the bull have to run? Eric Ross, director of US equity research at Canaccord Adams, and Rick Bensignor, head of research at Execution LLC, shared their market outlooks.
“You really have to see what happens in the next week—if the S&P futures get through 1,097.75, so we’re half a percent away—and how we get through it will determine what happens through year-end,” Bensignor told CNBC.
“If it gets done the correct way, then we have 5 to 6 percent more to go, minimum.”
Bensignor added that investors who have tried to “outsmart the market” this year actually got hurt more than the trend-followers.
In the meantime, Ross said he is “long, but cautiously long” on the markets.
“We’re not necessarily putting new capital to work and we’re certainly not trying to short the market,” he said. “If we reach some higher levels, it would get a little more attractive, but there’s no news until January and that’s what we’re waiting for.”
Ross said the market is driven by fundamentals and liquidity.
“We certainly had a big liquidity crisis at the beginning of the year, but if you look at the rally since March 9, we’ve seen it grow because of better than expected fundamentals on the earnings season and with the economic situation,” he said.
“We have a lot of money out there, that’s something like $1.2 trillion that needs to be spent over the next year or two, and that’s real velocity-driven liquidity.”
_____________________________
Market Point/Counterpoint:
- Expect 10-15% Upside — Or More: Fund Manager
- Correction When Fed Ends 'Easy Money': Market Pro
- 'Mind Boggling' Asia Bubble Forming?
_____________________________
CNBC Data Pages:
_____________________________
CNBC Slideshows:
_____________________________
______________________________
CNBC's Companies in the News:
Bank of America [BAC
Loading...
()
]
Berkshire Hathaway [BRK.A
Loading...
()
]
JPMorgan [JPM
Loading...
()
]
______________________________
Disclosures:
No immediate information was available for Bensignor or Ross. ______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes