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March 10, 2009

Stock bears are getting bullish

Barry Ritholtz says: "There's a big bear market rally coming" and "It's too late to sell."

Marc Faber says that: “Equities could rally between here and the end of April" and that investing in stocks now will be profitable over the next decade.

Doug Kass is "espousing a more bullish opinion on the U.S. stock market" and suggesting stocks hit a bottom last week.

Steve Leuthold, who runs the bearish Grizzly fund, says: “I personally would not have an investment in the Grizzly fund because I think we’re so close to a major market bottom. “Every investor ought to be considering putting money into equities.”

Bill Fleckenstein is "starting to build a shopping list" of stocks like Microsoft, Pepsi, Cisco and Johnson & Johnson that he might buy.

All these guys have been very, very bearish. But they also know stocks can't go to zero.


Posted by Jay Hancock at 10:37 AM | | Comments (0)
Categories: Stock Market
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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