It's the Bears vs. the Bulls, but this playing field is economic prognostication. AdvisorOne presents a slide show of some of the noted economic pessimists and optimists. Last week we let the Bears run wild, this week the Bulls get their turn.
CEO, Fisher Investments Inc.
The billionaire investor says the biggest U.S. companies will lead global stocks in 2011, even as returns diminish after a 21-month bull market.
Fisher, who is known for making bold, often contrarian predictions, told Bloomberg Television in January that “America will do better than the rest of the world. People will move away from small cap and emerging markets and more toward boring things that evidence quality.”
The Standard & Poor’s 500 Index has risen 93% from its March 2009 low and companies reported better-than-estimated earnings. The MSCI Emerging Markets Index advanced 134%, while the Russell 2000 Index of small companies rallied 130% during that period.
“I do not think the bull market is over, but I expect this year to be frustrating for almost everyone,” Fisher said. “This is a year where returns are likely to be disappointing to bulls and bears alike.”
Charge! Well, sort of.