'Get out of bonds and into stocks'

"As a bond man, I've got to say 'get out of bonds and into stocks' and believe me that was a painful thing to say," Bill Blain, the senior fixed income strategist at Mint Partners, a division of New York's BGC Partners, told CNBC Tuesday.

Yes, boys and girls. This is where the final leg up for this bull market will come. The flow of funds out of bonds and into equities will give us that multiple expansion characteristic of the End of Days before a bear market begins. This asset class rotation will be more pronounced because of how low bond yields have gone. The Baby Boomers are the ones in need of income and will have to reach for yield in dividend paying stocks.

Kerry Craig, global market strategist at JPMorgan Asset Management, agrees that moving into equity markets would be more beneficial for investors. He told CNBC Tuesday that good dividend paying stocks can be found in battered euro zone bourses. He said that cyclical stocks - that react to fluctuations in the global economy - are his preference but said health care firms are some of the most expensive currently.

"Equity markets can deliver at the moment," he said, paying particular attention to retired investors that are searching for yield over shorter term.