Which strategist told CNBC on Wednesday that investors ought to start buying into the 2009 recovery surge?

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Which strategist told CNBC on Wednesday that investors ought to start buying into the 2009 recovery surge?

Answer: Allen Sinai of Decision Economics

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Pros Say: Start Buying 2009 Recovery

Consumer confidence hit a 28-year low in November and holiday retail looks even worse than previously feared. But there are glimmers of optimism as President-elect Obama assembles his team, including former Fed Chairman Paul Volcker; and a fund controlled by billionaire Carlos Slim Helu bought a stake in Citigroup. Market pros told CNBC that smart money is starting to position for next year's late recovery — including buying financials.

Time to Start Buying the 2009-2010 Recovery Surge

Decision Economics chief global economist Allen Sinai said the markets are starting to glimpse what will happen when tons of stimulus dollars finally start having an effect. "While it comes in, we're going to see some terrible economic news, but the equity market looks ahead, and I think we can begin to think...we might have seen the lows," he said.

Large Caps: Cheap & Almost as Safe as Corporate Bonds

Randall Eley of the Edgar Lomax Company favors conservative investments in large-cap stocks, including International Paper, Chevron and Dow Chemical. Dividend yield on those stocks, he said, is better than the 10-year Treasury note at this point, and stocks are a better safeguard against hyperinflation than bonds are.

Two Sides to The Financial-Stock Bandwagon

Jordan Posner of Matrix Asset Advisors divides financial stocks into two categories, transparent and opaque. He sees attractive opportunities in both the transparent companies like Bank of New York Mellon and American Express . He also offered CNBC his favorite financial stock picks.

Oil Set to Rebound; We're on Other Side of Bubble

Householder Group's Nick Massey said demand for oil may have declined, but it never really went away, especially in the emerging countries. Any economic recovery over the next six months could easily push the price of a barrel of oil back to $100.

Look to Biotech for Strength in the Long Run

Biotechnology is an area that has been bucking the market trend with strong promises of long-term development activity, according to Johnson Research Group's Chris Johnson. This makes biotech stocks especially attractive. Johnson also said he favors high-yield consumer-staple companies as a way to weather the current "grinding out of a bottom."
(Contd.)


View on the Hotel Picture: It's Dreadful

Professor Bjorn Hanson of the Tisch Center for Hospitality, Tourism and Sports at New York University said this will be the 14th consecutive month of declines in hotel occupancy; the outlook for 2009 is even worse; and the industry is currently adding capacity at above the long-term rate. But convention business has missed some of the pain: most conventions were booked one to three years ago.

TARP Creates Unprecedented Opportunity On Higher End

The government money flowing into the financial sector raises fresh possibilities "at a higher level of the capital structure," according to Thomas Michaud of Keefe, Bruyette & Woods. "You can buy bank bonds and preferreds right now which have yields between 10 1/2 and 14 1/2 percent," he said.


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