Steve Leuthold, 71-year old market veteran and head of Leuthold Weeden Capital Management, sees stocks continuing their rally into next year. Leuthold turned bullish late last year after his Grizzly Short Fund returned 74% during 2008's decline.
Leuthold thinks the S&P 500 will reach 1,350 early next year as the economy recovers. He says that things aren't great but they're getting better, and the rally has momentum and positive psychology on its side.
He currently likes technology, biotechs, and foreign banks, but says he won't touch American banks, because he's concerned about exposure to commercial real estate.
Leuthold thinks the S&P 500 will reach 1,350 early next year as the economy recovers. He says that things aren't great but they're getting better, and the rally has momentum and positive psychology on its side.
He currently likes technology, biotechs, and foreign banks, but says he won't touch American banks, because he's concerned about exposure to commercial real estate.
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