Europe News

Pros Say: Bull Set to Pasture Until 2013

A delayed Santa Claus rally may help bring some money in from the sidelines early in the year, but a real bull market may be four to five years away, according to one technical analyst.


Experts around the globe tell CNBC what they recommend investors do.

Bull Absent

According to the charts, U.S. stocks won't return to "bull conditions" till 2013 to 2015, says Ray Barros, CEO of Ray Barros Trading Group. He also charts the dollar-yen cross, gold and the 30-year U.S. Treasury.

Dollar Can Hold

The dollar's strength may persist in the near term, says Olivier Desbarres, director of FX strategy at Credit Suisse.

Gold to $1,000

Expect the dollar to weaken again this year, says Patrick Shum, chief strategist at Karl-Thomson Securities. As such, he sees gold prices rising over $1,000 a troy ounce.

Be Sure

Protect your wealth by just staying out of the market when you're unsure, advises Kirby Daley, senior strategist at the Newedge Group. He suggests waiting until you can find companies that can weather the tough credit environment.