From Newsmax:

Contrarian investor and Traxis Partners hedge fund manager Barton Biggs says we're in a cyclical bull market within a broad trading range - and for good reasons.

"Equity markets are looking ahead, not behind," Biggs writes in Newsweek, adding that the bad economic news has already been factored into stock prices.

"Remember, this brutal bear market began in the summer of 2007, when the world still appeared to be booming."

"My prediction is that we'll see a broad trading range somewhere between the March (S&P) lows of 700 and the 2000 and 2007 highs in the area of 1,450 to 1,500 over the next few years."

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