Charles Schwab Chief Investment Strategist Liz Ann Sonders says she’s not in favor of another round of quantitative easing from the Federal Reserve, and remains positive on the economy and stock market.

“It’s high time we just chill for a little bit and see if the economy can stand on its own,” Sonders, a participant at Reuters 2011 Investment Summit, says, according to Reuters. “Stop with this excess stimulus. We are not a fan of any suggestion of QE3.”

Sonders also tells Bloomberg Businessweek that stocks are attractively priced. “There’s ample valuation support for the market,” she said, recommending that investors buy technology stocks and avoid companies that depend on consumer spending. She says factors that have tempered economic growth this year, including the earthquake and tsunami in Japan, the European debt crisis, and rapidly rising commodity prices, are temporary. She thinks the economy will continue to improve, according to Bloomberg.