Given that a lot of people have pulled money out of the stock market because they are not sure it has hit bottom, there's a lot of cash being held that could be pumped into the economy quickly.
Sumner Redstone wonders if we might have hit that bottom and whether we are in store for a bull market:
The U.S. economy shrank by a surprisingly steep 6.1 percent in the first quarter, hit by a record plunge in the business inventories and exports, but various investors also read signs of recovery in the report.
"I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around," said the media mogul at the Milken Institute, who said he felt like he had the vital statistics of 20 year old.
"It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom."
"The news was extremely bad on the GDP and the market went up. In a bull market, the market ignores bad news. Today, we ignored extremely bad news," Redstone said in a Q&A session with CNN's Larry King.
