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Top money manager Barton Biggs says the S&P may soar 30% - 50% this year
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Thursday, March 26, 2009
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From Newsmax:

Barton Biggs, who manages the New York hedge fund Traxis Partners, sees a big-time rally under way for stocks.

The former chief global strategist for Morgan Stanley told Bloomberg TV that the Standard & Poor's 500 Index may soar 30 percent to 50 percent from its 12-year low of 676.53 reached March 9.

A 50 percent gain from that level would mean 1,014.80. The S&P 500 closed Wednesday at 813.88.

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Topics: Stocks
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