Two top money managers, David Winters and Barton Biggs, are sounding bullish on U.S. stocks.
Winters, whose mutual funds have excellent long-term track records, told Bloomberg that benchmark indexes may reach record highs as the government helps stimulate economic growth. “Winters, who favors stocks in emerging economies in Asia such as Indonesia, Malaysia and South Korea, said many U.S. companies still look attractive,” Bloomberg reports. “American equities will do ‘OK’ this year, he said.”
Biggs, meanwhile, told Bloomberg Radio that “the next move in the U.S. stock market is going to be up. … How much up? I don’t know. 10 percent if things are OK, 20 percent if the global economy really comes on strong.”