Stocks will rally in the second half of the year

ON NORTH AMERICA

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Charles Schwab's Kully Samra explains why he is relatively optimistic for the latter half of 2011.

Even though the rolling debt crisis that global governments have recently been dealing with has been largely focused on Europe, the US debt situation continues to add to uncertainty. We do not believe there is any real risk of default by the US due to not raising the debt ceiling, although we are concerned about the deal that may be made in Washington. Spending needs to be cut, however, if too much cutting is pushed out into future years, any short-term benefits to the recovery would be offset by longer-term continued uncertainty. We continue to believe the weakness can be explained by t...

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