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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (15993)	3/4/2009 10:01:47 AM
From: kidl	Respond to of 50324

Maybe a little OT but it caught my eye ... Leuthold Says Stocks Will Surge, Depression Avoided By Betty Liu and Jeff Kearns March 4 (Bloomberg) -- Steve Leuthold, whose Grizzly Short Fund returned 74 percent last year betting against U.S. stocks, said now is the time to purchase equities because the economy isn’t headed for a major contraction. “These comparisons people make with the Great Depression are totally out of touch with reality, and pretty stupid,” Leuthold told Bloomberg Television in an interview today. “We’ve been in much worse, much more panicked and more scary situations in the U.S.” The economy isn’t as bad as it was in 1974, when stocks began rebounding, he added. The Standard & Poor’s 500 Index will surge to at least 1,000 in 2009, Leuthold said. That would represent a gain of 44 percent from yesterday’s 12-year low of 696.33. Because a rally is likely, investors shouldn’t buy his Grizzly Short Fund, Leuthold said. It has returned 26 percent in 2009.