Byron Wien and Bob Doll Chime in on the Market

By on August 19, 2009

Byron Wien and Bob Doll were on CNBC providing their views on the market. Wien feels the S&P 500 is worth 1200, because earnings are creeping up. Wien was concerned about what would happen when the stimulus wears out toward the middle of next year.

Doll also thinks the market is going higher, despite the risk of a pullback. Doll thought Wellpoint and Amgen in the healthcare area and several energy stocks were attractive. IBM was also mentioned as being attractively valued.

Wien and Doll both felt GDP growth could surprise on the upside in an upcoming quarter, but growth could be subdued after that.

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