PSigma's Bill Mott has warned earnings growth forecasts for UK companies are far too high, while equity markets have reached a peak and are set for a correction.
Global markets have opened firmly in the black, with sentiment boosted after Greece's parliament voted to approve a new round of austerity measures.
The FTSE 100 had fallen from its six-month high by mid afternoon, with investor sentiment taking a knock from the latest stumbling block in the Greek debt talks.
Newton's Tineke Frikkee is taking a more cautious view than consensus on UK dividends in 2012, forecasting growth of around 8% for the year.
Lindsell Train founder Nick Train has revealed hefty positions in some of the more defensive stocks in the FTSE 100 helped him outperform the market substantially last year.