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)

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

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