Pros Say: Expect 5-7% Pullback — Then Growth

Published Mon, Aug 10 2009 1:37 PM EDTUpdated Fri, Sep 13 2013 4:33 PM EDT

JeeYeon Park

Stocks retreated Monday as investors took a breather after a four-week rally capped by better-than-expected jobs report on Friday. But losses were pared intra-day Monday and the Dow is trading around its highest level since November. Read and listen to what the experts had to say...

V-Shaped Recovery Coming

After last week's U.S. employment numbers, Michael Browne from Sofaer Global Research said the 'V-shaped' recovery is in place. He expects "a very, very large restocking phase" taking place from now .

Counterpoint:

Recovery Will Be 'Square Root-Shaped': Cooperman

Expect 5-7% Pullback, Followed by Growth

“Pullback will come, and you’ll get another 5 to 7 percent,” said David Sowerby of Loomis Sayles. “In the last month, investor sentiment had gone from being unusually bearish, which is a good contrarian tailwind for the market, to now just mediocre,” he explained. However, expect more growth after the correctionin the long-term because we’ve only recovered about 38 percent of the original bear-market decline, he said.

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Strong Global Economies by Early 2010

“We are quite positive on the equity markets because we have such a huge amount of liquidity being pumped into the markets,” said Laurent Millet from LV Asset Management. Expect to have strong economies worldwide, led by China and other Asian economies,in the first quarter of 2010, he added.

Art Cashin: The 'Accelerated Selling' Scenario

Will Unemployment Rate Continue to Fall?

While the unemployment number was better than expected, we still lost a quarter of a million jobs and that doesn’t help consumption or the economy overall, said Uwa Parpart of Asia Cantor Fitzgerald. “The ‘cash for clunkers’ program in the U.S. certainly added some manufacturing jobs [and] government jobs filled significant holes too,” he said. “So it means that aspects of the stimulus program are working, but these are also one-off programs.”

Stocks in 'New Bull Market,' But Climb Is Slow: Cohen

Oil at $70 is a ‘Happy Price’

Oil at $70 a barrel is "a happy price for everybody,"said Neil Atkinson from KBC Financial Markets. Oil will stick at that level if investors believe that "happy days are here again for the global economy and that things are going to get better," he added. However, Atkinson said there are people who believe that if the economic outlook doesn’t work out as hoped, there’s going to be a lot of unsold oil around the world.

Schork Oil Report: Crude at $75? Here's Our Take

Sign Your Lease–Online!

Jeff Blau of Related Companies said the company is trying to attract more renters by making the process of signing leases easier. “We have implemented an online leasing process where our potential renters are able to go online, see all the availability in our portfolio, and they can actually sign a lease legally binding with an online signature,” he said.