From Newsmax:
"A lot of bargains" among U.S. stocks will arise for investors in the next year as consumer spending rebounds, helping the economy to do the same.
That's what Mario Gabelli, CEO of Gamco Investors, told Bloomberg
The stock market will rise as earnings recover, he says. And the worst recession in 50 years has pushed stocks down to attractive valuations, Gabelli maintains.
"The world is simple. You just want to find the best ideas, risk adjusted," he says.
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