Asian stocks hit a two-month high Monday on expectations of a global economic recovery taking place late 2009 as governments increase stimulus measures to aid ailing economies. As a result, investors are beginning to venture back into riskier assets. Experts tell CNBC to expect a rally late January/early February.
Dow Could Rally to 10,000
Stocks are still in a multi-year bear market, but the Dow could get up to 9,654, maybe even 10,000 in the current rally, Richard Suttmeier, chief market strategist from ValuEngine.com, told CNBC.
Look Out for Post-Chinese New Year Rally
The markets may see a substantial but unsustainable rally after the Chinese Lunar New Year, predicts Uwe Parpart, chief economist & strategist, Asia at Cantor Fitzgerald.
Keep Defensive Going into '09
Keep defensive stocks, like utilities, at the top of your portfolio, suggests Howard Wheeldon from BGC Partners as he sees "great difficulties ahead." Wheeldon also sees the US recovering faster than Europe, but the UK being the last European economy to get better.
A Commodities Bounce Back?
The current rally at the beginning of '09 is encouraging, Brad Bourland from Jadwa Investment said Monday. He sees the markets ending the year on a high note. Bourland also sees a bounce back in commodities this year.
Time to Pick Up Chinese Telcos?
The Chinese telco sector may see some profit-taking in the short-term, according to Peter Lai, director of DBS Vickers Securities. He also discloses his top sector pick within China.
Cautiously Bullish on China
Across the Asia region, Craig Irvine, co-head of regional research at the Daiwa Institute of Research is cautiously bullish on China.
Shelter Amidst the Storm
Volatility will continue to plague Asian stocks in 2009, but Craig Irvine, co-head of regional research at the Daiwa Institute of Research still sees opportunities within this market. He shares his sector picks.
Hot on Large Cap Resources Plays
Angus Geddes, CEO of Fat Prophets Funds Management continues to favor large cap Aussie resources plays like BHP Billiton, Rio Tinto and Woodside.
Expect Taiwan Stocks to Rally in Jan
Seow Hock Hin, senior VP of institutional sales at MF Global expects Taiwan stocks to post a strong rally in January but he is not very optimistic for the remainder of 2009.
Indian Markets May Retest Oct Lows in Q1
The Indian market may retest its October lows in the first quarter before bouncing right back up, says Aadil Ebrahim, investment manager at Bowen Capital Management.
Counting on the Credit Markets
The key to helping the economy is to free up the credit markets and investors should look for stocks that react to easing credit markets, David Kotok, chairman & chief investment officer at Cumberland Advisors, told CNBC.
Kotok is staying clear of housing and consumer stocks, but likes the health care sector and materials, food and water stocks.
Get Used to High Volatility
Implied volatility will remain at the high levels seen during the second half of 2008 this year, Quentin Baker from Mako Financial Markets told CNBC Monday.