Friday, January 2, 2009

Stocks to Post Big Gains, Economy to Rebound: Pros

http://www.cnbc.com/id/28464602Stocks are expected to score double-digit gains in 2009, and the economy should show signs of a rebound by the third quarter, according to the majority of money managers, strategists and economists surveyed by CNBC in the final two weeks of the year.
The Fed funds rate, now effectively at zero, is expected to stay that way in 2009 by 18 percent of respondents. But the majority see it moving higher. Twenty-nine percent expect it to be at 0.25. Another 14 percent see it at 0.50 percent, and 18 percent expect it to be 1 percent. Just 15 percent expect it to be higher than 1 percent.

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