Federated Fund market strategist David Tice said we're seeing a bear market rally.

"Fewer companies are experiencing declines, but not really more companies are experiencing increases," Tice told CNBC.

“Things aren’t really getting that much better, they’re just getting less worse,” he added.

Real estate, paychecks and stocks — the three resources most investors have — were all hit during the financial crisis, Tice said.

Therefore, investors should use whatever liquidity they have to become negatively correlated. "Think about being short stocks, or owning puts," he said.

“Gold stocks represent a great place to be. In any economy where the central banker is widely referred to as ‘Helicopter Ben’ you’d better own some gold,” Tice advised.

The economic decline, Tice said, came about because American consumers spent far more than they earned.

“We should work, we should earn money, and then we should consume,” he said. “The bottom line is, we have far too much consumption luxury infrastructure that’s going to have to be closed down because it was based on Federal Reserve policy of keeping interest rates too low.”

Philippe Gijsels of Fortis Global Markets agreed the current market is a bear.

"The consensus view at this moment is we'll have a strong recovery in the second half. ...But I think the consensus is wrong," Gijsels told CNBC.