Leuthold Says Stocks Will Surge, Depression Avoided

Steve Leuthold, whose Grizzly Short Fund returned 74 percent last year betting against U.S. stocks, said now is the time to buy equities because investors are too fearful about the economy.“These comparisons people make with the Great Depression are totally out of touch with reality, and pretty stupid,” he told Bloomberg Television in an interview today. “We’ve been in much worse, much more panicked and more scary situations in the U.S.”

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This entry was posted on 4. March 2009 at 20:30 and is filed under Investments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.