Stronger Economy Will Make Stocks Attractive in 2011: Pro
Will investors return to stocks in 2011? David Kelly, chief market strategist at JPMorgan Funds, shared his insights.
“Individual investors can make money by moving back towards equities and that is something we’re going to see over the next year,” Kelly told CNBC.
“And we’ve been seeing the first signs of it in the last few months.”
Kelly said there are signs that investors are becoming more balanced and expects to see a “push and pull” effect taking place in 2011.
“People are going to be pulled into equities by a stronger economy, but will be pushed out of bonds by worries that rising interest rates could inflict some losses on those bond funds,” he said.
Scorecard—What He Said:
- Kelly's Previous Appearance on CNBC (Nov. 30, 2010)
More Market Analysis—Read and Decide:
- US Markets, Economy to 'Grind Higher': Stock Picker
- Consumers Will Drive Markets in 2011: Strategist
- Predictions 2011: Albert Bozzo On The Economy
CNBC Data Pages:
Friday's Top Dow Gainers (as of this writing):
No immediate information was available for Kelly or his firm.