Global stocks hit a 14-month high on Thursday as news that Bank of America would repay $45 billion in TARP funds injected optimism into the financial sector. Gold also hit another new high above $1,125 an ounce as investors chased equities, commodities and other risky assets.
Experts told CNBC that investors should get into the markets now, especially in the U.S. and Europe and that gold's record-breaking run could carry on.
Expose Your Portfolio to US, Europe
Investors should get in right now, says Sani Hamid, director of Wealth Management at Financial Alliance, especially in market laggards like U.S. and Europe.
Markets See Momentum Next Year
There is a lot of momentum in markets leading into next year, says Martin Lakos, division director at Macquarie Private Wealth.
Skeptical About Current Rally
Hans Goetti, CIO of LGT Bank in Liechtenstein, is skeptical about the sustainability and durability of the current rally.
Eye on Bank of America
If the investors treat the Bank of America news positively, it could help push the S&P 500 higher, says Scott Redler, chief strategic officer of T3Live.com.
Go for Gold
Buy on strong pullbacks in gold, advises John DiPlacido oil trader and president at Energex.
Gold May Hit $1,350 by Easter
Peter McGuire, MD of CWA Global Markets, sees more upside for spot gold prices. He tells CNBC that he expects the precious metal to reach $1,350 a troy ounce by Easter.
