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“What we are seeing is the end of the fear that this was the end of the world,” Lord Norman Lamont, former UK Chancellor, told CNBC Monday. He said that this should not be “confused with a very strong recovery” and that the recovery will not be strong because “banks are going to be cautious about lending.” Jim Rogers, CEO of Rogers Holdings, and Julian Pendock from Senhouse Capital joined the discussion.

The Nikkei 225 closed 2.3% lower Monday. The Nikkei’s Makiko Utsunda told CNBC that although Tokyo stocks have rebounded more than 40% after hitting their lowest point in March, the Nikkei is still 16% lower than it was last September when Lehman Brothers filed for bankruptcy.

Jim Rogers, CEO of Rogers Holdings, told CNBC Monday that when Lehman Brothers failed he thought “thank goodness they’re finally letting somebody collapse.” He said that “when somebody fails, you let them fail,” and that former US Treasury Secretary Hank Paulson “should have let ten people go bankrupt.”

US consumer sentiment, wholesale numbers, as well as import prices will be out Friday. Dodge Dorland, CIO of Landor Capital Management, will be "watching all three and the reaction within the 5 minutes after they are out. By the end of the first 45 minutes in the market, we will know the action for the morning."

Tokyo stocks lost ground as the yen's continued appreciation led to selling of exporters. The Nikkei 225 Average closed 07% lower. The Nikkei's Nozomu Kitadai has the details.

"We feel that the market could pull back as much as 4-5% on all the levels and still remain within neutral to bullish position," Dodge Dorland, CIO of Landor Capital Management, said Friday. There is still time to profit from this bull-market-type move in the short term, he added. He likes financials, China and commodities.

"There's a tremendous amount of liquidity post-the-Lehman's-debacle last year that has got into marketplace and you've seen effectively a V-shaped recovery come from that," Khuram Chaudhry from Banc of America Securities- Merrill Lynch said Friday.

"We do think we'll see 8% GDP growth this year," Ben Simpfendorfer from Royal Bank of Scotland said Friday after strong economic data from China indicated the country's economy is accelerating. But he warned that the positive data can be misleading.

British producer input prices rose at their fastest monthly rate in more than a year in August. Year-on-year producer prices dropped by 0.4% in August after a 1.3% fall in July. "Last year's sharp drops in energy prices are now dropping out of the annual calculations," James Shugg from Westpac said.

A "slow, gradual" extrication from governments' stabilization policies won't "be taken too negatively by the markets," Andy Lynch from Schroders said Friday. He doesn't see the removal of these policies for the next 12 months. Mark Konyn from RCM Asia Pacific joins the discussion.

Health care stocks could get hit Thursday, Malcolm Polley, CIO at Stewart Capital Advisors said. Out of the sector, Polley likes informatics like UnitedHealth Group. "The medical informatics business within United HealthGroup is actually fairly small, but it's very rapidly growing."

Tokyo stocks rebounded sharply, with the Nikkei 225 Average closing almost 2% higher on Thursday. The Nikkei's Nozomu Kitadai has the details.