Strategists: Prep for the Recovery

Dan Greenhaus, market analyst at Miller Tabak, and Scott Minerd, chief strategist at Guggenheim Partners, shared their views on the economy — and where investors should be putting their money.

“We’re going to reach a bottom by the third quarter,” Minerd told CNBC. “The recovery will be stronger than any of us had expected going into 2010.”

“We think the credit markets will outperform equities on an absolute basis for the next year or so and I think that’s where the value is,” he said.

However, Greenhaus said the recovery is going to take a longer time — and may be smaller — than most economists expect.

“While we see an economic stabilization, to what degree are we going to see a recovery? I think it will be muted,” he said.

Despite his outlook, Greenhaus recommended several sectors.

Greenhaus Likes:

Consumer Staples


Overseas: China


No immediate information was available for Greenhaus or Minerd.


Top Consumer Staples:

Johnson & Johnson



Kraft Foods