It seems you have JavaScript disabled.

Ummm.. Yeah... I'm going to have to ask you to turn Javascript back on... Yeah... Thanks.

Merril Lynch chief investment strategist Richard Bernstein




The Merril Lynch chief investment strategist, Richard Bernstein, seems to have finally gotten it right. As the saying goes, even a blind squirrel finds a nut eventually.

Almost to the day this time last year, Richard Bernstein flipped from a dyed-in-the-wool bear who had fought the cyclical bull market three years out of four, to a born-again bull.

If we end the year here and now, Bernstein seems to have finally gotten it right. Assuming we coast, the S&P 500 will have gone up by about 5% in 2007.

S&P500 SPX 2007 performance

Here’s the screenshot of the Bloomberg article from Dec 12th 2006:
(click to enlarge)

richard bernstein Dec 12 2006 bloomberg

Technorati , , , ,

Enjoyed this? Don't miss the next one, grab the feed  or 

                               subscribe through email:  


No Responses to “Richard Bernstein Finally Gets It Right”  

  1. No Comments

Leave a Reply



Recent Comments

  • b patient : I honestly don’t know how Vonage gets away with advertising “No Contracts” but then holds…
  • Babak : thanks but I hardly watch CNBC anymore, someone told me they mentioned my blog last…
  • TONY : Babak, The scary thing is that many indicators have failed in detecting the bottom of this…
  • Anon : Babak, Matt Nesto of CNBC did this analysis, too, on “CNBC Reports” at about 8…
  • Home Builder : The housing market index is not looking too good. The fact that home builders are…
  • Andrew : Aussie REITS have also been crushed, yields are very attractive… but…. I’m waiting still, nothing…
  • Michael : The reason for failure I believe is simple. This particular technical indicator is not old…

  feed

 Or subscribe through email:

Creative Commons License

Disclaimer

The contents of this website are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Neither, TradersNarrative.com, its owners, and/or its representatives are registered as securities broker-dealers or investment advisors with any securities regulatory authority, in any jurisdiction.