Merril Lynch chief investment strategist Richard Bernstein

Richard Bernstein Finally Gets It Right

Published December 13th, 2007 in Trading Tags: bear market, bull market, chief investment strategist, merril lynch, 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)

Technorati

bear market, bull market, chief investment strategist, merril lynch, richard bernstein

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

No Responses to “Richard Bernstein Finally Gets It Right”

Feed for this Entry Trackback Address

No Comments

Leave a Reply

Search

Recent Comments

Enn : Some other good resources on the Leverage/Lending cycle: Saving, Asset-Price Inflation, and Debt-Induced Deflation by Dr….
grace : To chime in on the sentiment front……… for those who follow net assets in the…
MachineGhost : I’d be remiss if I didn’t also mention this site: http://usdebtclock.org/ Look at the very last…
Robert : There was no surplus Factcheck is full of shit. Reagan’s deficits were a result of spending, not…
Damien Hoffman : I added this to our Best of the Web for tomorrow. Did you make that…
dacian : All these sentiment indicators lately send mixed signals: it shows that speculators/retailers get in and…
shawn M : I have been subscribing to Lowry’s for about a year after hearing much positive feedback…