From Newsmax:
Steve Leuthold, the veteran money manager who produced big returns last year going short, has now turned bullish — big time.
He predicts that Standard & Poor’s 500 Index, already up 27 percent from its March 9 low, will gain another 30 percent from current levels. That would put the S&P at 1,100 by year-end.
On a price-earnings basis, based on five-year average earnings, stocks were in the bottom 10 percent of historical valuations at the March lows...
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