Another rally on Wall Street gave Asian markets a boost but volatility is still high as investors remember the much-repeated advice of selling into rallies. CNBC experts weigh in on where it is relatively safe to invest – and their compass is pointing East.
WALL STREET IN CRISIS - A CNBC SPECIAL REPORT
China Will Lead the Rebound
Asia will rebound faster than the U.S. due to its policy flexibility and rise of the consumer, says Craig Irvine, co-head of regional research at Daiwa Institute of Research. His top pick in Asia? China. He explains why in this "Protect Your Wealth" segment.
Good Long-Term Opportunities
There will be periods in 2009 where the markets look as if the sky is falling. But this is a good buying opportunity for long-term investors, says Craig Irvine, co-head of regional research at Daiwa Institute of Research.
Recession May Last 18 Months
We may be in the longest recession since the Great Depression, says Uwe Parpart, chief economist and strategist, Asia at Cantor Fitzgerald. He tells CNBC that this recession will last at least 18 months.
Look for Quality Buys
It is not a time to be a hero when investing, but it is time to look for quality buys that could ride out this crisis, advises Don Straszheim, managing principal at Straszheim Global Advisor.
Worse Coming for Investment Banks?
Things at Goldman Sachs and Morgan Stanley are just going to get much worse, says Don Straszheim, managing principal at Straszheim Global Advisor.
Recession Here to Stay
"We're in a full-blown, self-feeding, global recession and it doesn't look like we're going to get out any time soon," Stuart Schweitzer from JP Morgan Private Bank told CNBC.
Money Markets to Improve
Banks have already done a lot of deleveraging and money markets will probably see more improvement from January 1, Willem Sels from Dresdner Kleinwort told CNBC.
Risks Remain for US Stocks
The downside risk to US stocks isn't over yet and investors should remain defensive, Dean Barber, founder & CIO of Barber Financial Group, told CNBC.
US Stocks Finding a Base?
"Ahead of the holidays, into the New Year we could see a little bit of buying come in," Ben Lichtenstein from tradersaudio.com said of US stocks ahead of the open Wednesday.
Gold Will Rise to $2,000 by 2010: Investor
The price of gold is set to rally to $2,000 per ounce next year as an improvement in the economic outlook causes fear of inflation and currency debasement, Philip Manduca, head of investment from ECU Group, told CNBC.