The economy and the stock market have very good potential to climb, as the strength of the recovery will surprise many, two market experts told CNBC Tuesday.

If the last five years are anything to go by, then a strategy of picking individual stocks beats just buying the major indexes – provided you pick the winning stocks, research from financial Web site the Motley Fool showed.

Dow 10,000 may sound impressive, but look back just two years, and the index of the 30 biggest US shares was sitting comfortably above 14,000.

Stocks and gold are crowded markets and there is a risk that everybody will want to exit at the same time, Hugh Hendry, chief investment officer at Eclectica, told CNBC Friday.

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The dollar index could tank another 10 percent or more over the next six months, and the recent rally in gold can continue to push stocks higher, Chris Zwermann, global strategist at Zwermann Financial, told CNBC.

Shares of Petrofac rallied more than 5 percent Thursday to the top of the FTSE 100 after the oil and gas company said it won a 48-month integrated gas development contract in Abu Dhabi.

Shares of Friends Provident rose to the top the FTSE 100, gaining 5.1 percent, after restructuring-firm Resolution confirmed it was looking to buy the U.K. insurer.

The FTSE-100  is still in a bear-market rally as it failed to turn bullish and eclipse its 200-day moving average last week, Robin Griffiths from Cazenove Capital said Monday.