As the NZX continued its strong run, United States stocks closed with solid gains and international markets rallied yesterday.
Stocks showed signs of decoupling from crude oil markets, rising while oil prices dropped further.
Mr Timms said it was becoming increasingly harder to find growth stocks for investing clients.
In Australia, the economy was at the same stage New Zealand was in 2008 with the Reserve Bank of Australia cutting interest rates to stimulate the economy.
While New Zealand was on the other side of that equation, New Zealand companies had used the global financial crisis to restructure their balance sheets and now carried little debt.
What debt they did carry was sourced at near-record low interest rates.
Companies were using their strong balance sheets and low interest margins to pay out higher dividends to investors, placing even more pressure on the shares of those companies, he said.
Australian bond yields were now at 4.1%, about the same as 90-day bank term deposits.
There was no upward pressure on banks because there was plenty of money around.
''If a company is giving a yield of 6% to 7%, it can be double what some investors are getting in the bank and those people are looking for income.''
Brokers would be looking for opportunities through lower exchange rates, Mr Timms said.
Shanghai and Hong Kong stocks extended their winning streaks, following a pledge by the Chinese Government to lift efforts to bolster economic growth.
Japanese stocks slightly retreated after the Nikkei Average scored its first finish above 19,000 in 15 years last week.
South Korea's composite index move up slightly and New Zealand shares continued to rise.
European stocks rallied with a new milestone for German stocks, reflecting the flood of money rushing into the market as the European Central Bank started on its massive asset-purchase programme, he said.
The Stoxx Europe 600 climbed to more than 400, the first close above the benchmark rate since June 2007.
It was also closing in on its record high of 405.5 reached in March 2000.
Frankfurt's DAX 30 soared to a record close at 12,167 points, gaining 24% since the start of the year.
Mr Timms said for investors, it was hard to pick the top of the market and sell.
Australia was less attractive because of franking credits which could not be claimed in this country.
New Zealand investors also paid tax on the reduced amount of dividends paid by Australian companies.
