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Market Tips: Get Out of Stocks and Bonds

CNBC.com
Friday, 12 Feb 2010 | 6:10 AM ET

Global stocks were mixed Friday, with European shares paring earlier gains after preliminary data showed the euro zone economy's recovery faltered in the fourth quarter, on top of investors still uncertain as to what will happen to Greece.

Experts told CNBC that given Greece's troubles, investors should get out of stocks and bonds and into something safer, like cash.

Up Exposure to Cash

With the uncertainty surrounding Greece's fate, David O'Neil, CIO at ASEAN Investment Management, advises investors to have a reasonably good cash weighing.

Sidestep Stock & Bond Markets

Given the troubles in Greece, Enzio von Pfeil, CEO at EconomicClock.com, advises investors to avoid the stock and bond markets. He tells CNBC where is a safer place to park your money.

Betting Big

Buy big stocks, like BHP and Rio Tinto, says Michael McCormick, director of Belvedere Share Managers.

More Downside to Euro

Rob Rennie, currency strategist at Westpac Bank sees more downside to the euro, saying the single currency could hit US$1.32. He expects the EU to offer government guarantees, not money, to help debt-laden Greece.

Euro-Sterling in Focus

Buy the euro against the sterling, says David Mann, head of Research Americas at Standard Chartered.

Commodity Prices, Aussie to Move Higher

Stephen Bartrop, managing director of Lime Street Capital tells CNBC that bulk commodities prices are expected to rise and the Aussie dollar will move higher as exports pick up with a recovery in Western economies.

Optimism in Commodities

There is some optimism creeping back into commodity markets, says Jonathan Barratt, managing director at Commodity Broking Services.

Contact Europe: Economy

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