After last week's gains, most global stocks were down Monday as weak corporate results tempered investors' optimism. Experts tell CNBC it's still a bear-market rally.
It's a Bear-Market Rally
Valerie Plagnol, head of strategy at Crédit Mutuel-CIC Securities, said the latest rise in stocks is till just a brief rise in an overall downward trend.
Rally Should Have More Legs
Currency markets are seeing some investors covering short positions and buying into riskier assets, observes John Noonan, senior FX analyst at Thomson Reuters.
Don't Chase the Stock Rally
If investors haven't got into the stock market by now, then it's not the time to chase the recent rally, Nick Parsons from National Australia Bank told CNBC. Parsons expects stocks to trade sideways or lower from here.
Stock Rally Exhausted
The stock market's recent rally looks exhausted and the market appears overbought, Manus Cranny from MF Global Spreads told CNBC. Cranny expects the next move for stocks to be lower.
Avoid Risky Assets
Valerie Plagnol, head of strategy at Crédit Mutuel-CIC Securities, tells CNBC why she is taking a cautious investment approach, by holding 40% of her portfolio in cash.
Gold's Upside Target at $1,000
Daryl Guppy, CEO of Guppytraders.com sees an upside target of $1,000 when charting gold's prospects, the S&P/ASX 200 and Italian energy firm Enel.
Gold's High Depends on Dollar Direction
Gold's high is dependant upon the greenback's trade, says Peter McGuire, managing director at Commodity Warrants Australia.
Indian Stocks May Not See Much Upside
Without a major global recovery, one should not expect too much upside on Indian equities, said Balakrishnan Kunnambath, MD & global head of Indian subcontinent at SG Private Banking.
China to Go Sideways
The Chinese markets will probably move sideways in the short term, according to Phillip Chan, director of Shenyin Wanguo Securities.
Slightly Less Bullish on China
Although Simon Godfrey, investment specialist for Asian equities at Fortis Investments has reduced his aggressive overweight on China, he remains bullish there.
Upbeat on Singapore Banks
Singapore's financial sector will continue to be on an upward trend going forward, says Wong Sui Jau, general manager at fundsupermart.com. He explains his bullish outlook on this sector.
Taiex May Jump 15% Within a Month
Hock Hin Seow, senior vice president of Institutional Sales at MF Global, says the Taiwanese market could rise 15 percent within a one-month timeframe. He tells CNBC he likes financials due to likely investments from China.
Stock Correction Coming?
Stock markets are likely to stage a correction this week, Romain Delacretaz from Institut de la Bourse told CNBC Monday. Mark Tinker from Axa Framlington Gemini told CNBC he thinks any correction would be short lived.