Simon Baker, CEO at Baker Avenue Asset Management likes the same theme outlined by Stephanie Link – that is banks trading below book. Also he suggests putting Japan on the radar. "They're starting to get very aggressive," he said. "I'd look at the EWJ, an ETF that tracks Japan".
Jon Najarian, co-founder OptionMonster.com suggests looking for single stocks – perhaps stocks that appear to be oversold. He thinks JCPenney may provide opportunity, albeit short-term opportunity. "I'm long JC Penney through sales of puts," Najarian revealed. "I don't think the company is fixed but I don't think the story is over, either."
Jeremy Siegel, Professor of Finance at the Wharton School thinks the best investment remains dividend paying stocks. Although the group has already attracted a lot of buying he thinks they continue to perform. (Read More: Fast Pros Reveal Favorite Dividend Paying Stocks)
"It's one of the only asset classes that's fairly priced," said Siegel. "I think they have a lot of move left."