On CNBC: Zuckerman talks about economy, turnaround

On a day when President Obama prepares to sign the newest stimulus into law and the financial markets are testing November lows, CNBC is getting reactions from the financial world. During "Power Lunch," real estate billionaire Mort Zuckerman joined the discussion about everything from real estate to executive compensation. 

Zuckerman is not optimistic and suggests the marketplace should get ready for a "bumpy ride" despite government intervention. He believes that limits on executive compensation are "totally crazy" and acknowledged the real estate market is "spooked" as the confidence in the market has undergone major changes. 

Zuckerman cites the decreased confidence as one of the major problems and roadblocks to recovery. He suggested he may sit on the sidelines until signs of a turnaround begin to emerge. Zuckerman is looking for specific signs of a turnaround including increasing employment, a rise in housing prices without government intervention and "reasonable" availability of credit to small businesses.