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Market Tips: Stocks to Lose 5-10% Then Move Higher

CNBC.com
Wednesday, 21 Oct 2009 | 5:04 AM ET

Global stocks were in the red on Wednesday as profit taking in technology stocks pushed Asian shares lower. Experts told CNBC there is a small correction ahead, then stocks can move upwards from there.

Equities to Head Higher

Equities may correct 5-10% but they will move higher into the new year, says Karl Eggerss, chief trader at LafferFrishberg.com.

Time to Take Some Money Off the Table

Right now is a beautiful time to take some money off the table, advises Odd Haavick, MD & CEO of Charles Monat Associates. Haavick & Kirby Daley, senior strategist at Newedge Group talk strategy, in this installment of "Protect Your Wealth."

Upbeat on Banks & Tech Plays

Financials and tech stocks are attractive investments, says Greg Bundy, vice chairman at AIMS Financial Group. He tells CNBC he likes Citigroup and U.S. tech stocks.

Q4 Earnings Outlook Still Uncertain

As John Fitzgibbons, partner & head of wealth management at ThinkEquity still sees uncertainty for earnings in the fourth quarter, he tells CNBC how he is investing in light of this.

Dollar Upside Seen in 2010

Adrian Foster, Asia Pacific head of financial markets research at Rabobank sees dollar upside through 2010.

Asian Currencies May Weaken Against USD

The U.S. dollar could rebound against Asian currencies over the next few weeks, predicts David Mann, FX strategist, global markets at Standard Chartered Bank.

Cautious Over Aussie Short-Term

Don't buy into the Aussie now, says Ed Ponsi, president at FXEducator.com. He tells CNBC he is concerned about the Aussie levels short-term.

Finding Growth in Asia

Singapore is well placed to become a global arbitration center, says Peter Martyr, chief executive partner of Norton Rose. He talks to CNBC about growth areas in Asia that are contributing to its business.

Play China with BHP

BHP Billiton is the easiest way to play China, says Greg Bundy, vice chairman at AIMS Financial Group.

Nissan CEO: Yen Strength a Big Threat

The yen's recent strength is a big threat for the Japanese auto industry, said Carlos Ghosn, CEO of Nissan. He also sheds light on his strategy for the electric car business.

Property Sector to Provide Support for HSI

The property sector will provide support for the Hong Kong market, says Alex Wong, director of asset management at Ample Capital.

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