Steve Leuthold, the 71 year old money manager who is not afraid of going short, is very bullish right now.
Leuthold expects the S&P 500 to end the year at 1200 and even higher at 1350 next year. In keeping with that bullish view, he has 72 percent of his fund invested in equities.
Meanwhile, Doug Kass and David Rosenberg as well as Bob Janjuah of RBS remain decidedly bearish and unmoved.
Other luminaries. Pimco is cautious. Bearish? Byron Wien is unquestionably bullish.
My view? Follow the trend.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
George Dagnino, PhD
Editor, since 1977
Ranked No. 1 market timer by Timer Digest
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