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    Bulls & Bears | Cavuto on Business | Forbes on FOX | Cashin' In

    Bulls & Bears

    This This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital; Tobin Smith, ChangeWave Research; Pat Dorsey, Morningstar.com; Matt McCall, Penn West Financial; Peter Schiff, author "Crash Proof"; Marc Lamont Hill, Ph.D., Temple University

    Trading Pit: Worst June for Dow Since 1932: Time to Profit From Panic?

    Gary B. Smith: I'm a bull. Stocks will rebound just like they did in March. My rationale? One, oil has gone parabolic and is going to burst. Two, the bones of the economy are good: GDP shows that we're not in a recession and unemployment rate is low.

    Peter Schiff: I don' think there is enough panic out there. You should sell –we are in a bear market. The market has gone a lot lower, not only in nominal terms, but in real terms. The government says the economy grew 1 percent. And oil is not a bubble; it's probably going to go up to $150/barrel. It has a long way to go.

    Matt McCall: We're almost to the bottom but we're going to rebound. I agree with Gary.

    Tobin Smith: What we haven't talked about is inflation. I'm much more concerned about inflation in Asia. The rest of the world is suffering too. 50 percent of the world now has inflation of more than 10 percent. We've got the second wave of the recession. We've had a bear market in almost every sector of the market and everything else is catching up. There's going to be a bounce.

    Pat Dorsey: Don't sell your long term investments –- 401(k) funds, kids' college funds, retirement funds. In terms of buying stocks, lower prices today mean higher returns over the long run. Right now buying big multinational companies makes a lot of sense. We could be looking at a recession, but stocks tend to anticipate things.

    Stock X-Change: $econd Half Winner$!

    To watch this segment in its entirety, please click here

    Gary's Pick: Goldman Sachs (GS )

    Pat's Pick: Lowe's (LOW )

    Tobin's Pick: Ultra Petroleum (UPL )

    Matt's Pick: Credicorp (CAP )

    Peter's Pick: Anglogold Ashanti (AU )

    How Congress Can Help Bring Down Gas Prices!

    The Senate and House are now on an extended July 4th vacation after failing to get anything done to help lower gas prices. Are we better served by Congress being on vacation?

    Gary B: It's great that Congress is going on vacation! They don't understand economics or want to pander to their constituency. Whatever they do, they can't fix gas prices, especially with ideas like a windfall profit tax for the oil companies.