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    Bulls & Bears

    This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Eric Bolling, Fox Business Network; Scott Bleier, HybridInvestors.com president; Tobin Smith, ChangeWave Research editor, and Matt McCall, Penn Financial Group president.

    Trading Pit: Stocks Hang Tough in Tough Times: Is Market Unstoppable?

    Record after record at gas pumps and grocery stores. Disaster after disaster around the globe. But with all these troubles and more, the market keeps moving forward. Can anything hold back stocks right now?

    Matt McCall: No. We are soaring to the end of the year. Keep throwing the bad news at me because all that that does is create the wall of worry that bull markets climb. People thought we were going to hit the bottom in the first quarter. They are going to doubt this rally all the way to new all-time highs. Nothing is going to stop this market right now!

    Gary B Smith: Two months ago people thought the market was going to zero. Now we are using the words market and unstoppable in the same sentence. We need and probably will have a little bit of choppiness and probably a bit of a short-term pullback. But by the end of this year the market will perform better than anyone thinks it will.

    Scott Bleier: The market is celebrating that we didn't come to the end of the world over the past couple of months. The market is ignoring the commodity and energy crisis in price, just like it ignored the housing crisis and subprime crisis until it was upon them. The market has had a good rally, you sell this rally and let the market come down. Consumers are going to suffer and everyone is going to suffer with prices the way they are.

    Eric Bolling: The market is shrugging off all this bad news. It's a great time for the market. I am bullish. Oil will correct and when oil corrects, there is really not much stopping the market from maybe making new all-time highs.

    Tobin Smith: We'd be heading for all-time highs if stocks were at the point where they were reflecting perfection, but they are not close to that. The financials have come off the bottom but they are nowhere near the time of over evaluation. Yes, if we have a pull back, that would be a buy. But when we talk about energy stocks, people waited in January, February, March, April and May, they have missed out on one of the biggest rallies in years!

    Housing Boom Once Prices at the Pump Drop?

    Matt McCall: It is perception. If you perceive the economy being rough and prices being high, that keeps you from making large purchases like a home. Until gas prices start coming down I don't think housing can go up.

    Scott Bleier: I think it's ridiculous. Gas prices were $2.25 a gallon when the housing market started falling apart. Prices have to come down enough and stabilize for a year. Once they stabilize for a year, banks will begin to lend again regardless of where gas prices are. Then and only then can housing come back!

    Gary B Smith: It's all about confidence. What gets people's confidence on a day-to-day basis are the things they pay for on a day-to-day basis. As gas comes down, people will feel more flush. As they feel more flush, they gain confidence and are more willing to go out and bid up the price of the house that they want to buy.

    Stock X-Change

    It's the fastest way to make money on TV: The "Bulls & Bears" Lightning Round!

    If you want to watch what each had to say about each stock, click here.

    Gary B. Smiths Pick: Merck (MRK )

    Eric Bolling's Pick: Praxair (PX )