The U.S. markets could hit new lows before the end of the year, believes Howard Lutnick, chairman & CEO at Cantor Fitzgerald. He tells CNBC that what the financial markets really need is a floor under the U.S. housing prices.
Which Sectors Are Oversold?
The financial, energy and materials sectors are oversold, believes Mike O'Rourke, chief market strategist at BTIG.
HSI May Be Close to Bottom
According to Steve Tse, research manager at BEA Union Investment Management, the Hang Seng Index is very close to the bottom. He tells CNBC that 13,000 points is the bottom for the index.
Markets May Find Stability Soon
Within the next few weeks, the markets might be able to stop their losses and find stability at the bottom, says Enzio von Pfeil CEO of EconomicClock.com.
Aussie-Dollar May Hit Low of $0.59
The Aussie dollar will probably find a bottom in the first-quarter of 2009, says Richard Grace, chief currency strategist at the Commonwealth Bank of Australia. He tells CNBC that the Aussie-dollar could hit a low of $0.59.