Global stocks are set to end their worst year ever since the Great Depression on Wednesday. After such a turbulent year, investors are hoping 2009 will be better. Experts tell CNBC where they see value for next year.
The first half of next year will be very bad for the world economy, but investors will find value in stock markets as some deeply discounted shares will stage a rebound, Marc Faber, editor and publisher Gloom, Boom and Doom Report, told CNBC.
Global markets were down Friday, tracking Wall Street's overnight losses. The dollar continued to fall, on track for the biggest weekly decline since 1985, and oil remained near 4-1/2 year lows.
Global markets look set to remain volatile until year-end, as the dollar reverses several months of gains and hits a 2-1/2 month low against the euro, and as oil falls to the $40-a-barrel level despite OPEC's historic supply cut.
For brave investors getting back into stocks, Juerg Zingg, managing partner at Q Investments, says that Xstrata, Rio Tinto and BHP Billiton are smart bets in the basic resource sector; while oil services companies like Fugro, Seadrill and Noble Corp. are attractive; and refiners such as Valero and Petroplus look good.
Enjoy the rally in the S&P 500 while you can, said Chris Locke, managing director at Oystertrade.com Management, adding that it could last weeks if not months. But trading in the index will be "choppy," Locke said.
Global markets had mild gains Wednesday after the Federal Reserve cut rates to a range of zero and 0.25 percent, as many anticipated. Experts told CNBC that recent market volatility will continue for some time.
Investors were cautious on stocks but sold the dollar Tuesday ahead of the Federal Reserve's rate decision. Experts interviewed by CNBC see safe havens like gold and the greenback losing their appeal.
The Federal Reserve will again lower interest rates on Tuesday to fight the deepest recession the U.S. has known in years, and may also announce some "unconventional" measures.
Gold has reached a good base of $730 and it looks likely to break out of that negative trend, Robin Griffiths, technical analyst at Cazenove Capital, told CNBC.
The dollar dived to a 13-year low against the yen on Friday after the U.S. Senate failed to agree a bailout for U.S. automakers, raising the prospect Japanese authorities may intervene to stem the yen's rise.
Global markets were wobbly Thursday, hurt by uncertainty over a $14 billion rescue plan for U.S. automakers. In the midst of the increased market volatility, experts interviewed by CNBC advise investors to stay cautious and diversified to survive the bear market.
Hopes that governments worldwide will aid ailing industries and implement stimulus measures to fight against a deepening economic crisis lifted Asian stocks Wednesday. Experts tell CNBC an end is near for the economic gloom.
Monday's market rally was short-lived with Asian stocks making humble gains while European stocks fell Tuesday. In the midst of the market volatility, experts tell investors to tread carefully around the rallies but that there are some signs of a market bottom.
Global stocks started the week in the green, with the Hang Seng index closing over 8 percent higher, on investors' optimism over a possible U.S. automakers bailout. CNBC's experts deem this rally to be a big one and for investors to get off the sidelines and get back into stocks.
Global markets were mixed Friday ahead of the November nonfarm payrolls data out in the U.S. Crude fell almost 7 percent overnight as market volatility persisted. Analysts interviewed by CNBC give their views on where to invest.
Despite the unexpected drawback in U.S. crude inventories, oil prices continued their fall Thursday, to below $46 a barrel, near four-year lows, as economic fears deepened. As the downturn persists, analysts interviewed by CNBC suggest oil could fall to $20 a barrel.
As markets continued their volatile trade Wednesday, low-risk assets like U.S. Treasuries retained their luster, despite offering the lowest yields in decades. Betting on credit may offer better returns than stocks, some analysts say.
We probably saw the lows for the S&P 500 index in November, Chris Locke, MD at Oystertrade.com Management, told CNBC Wednesday.
The bottoming process has begun in stock markets and now is the time to buy good value US, Chinese and energy stocks, experts tell CNBC.
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