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Grizzly Bear turns Bullish: The Safest Way to Wade Back In
“These comparisons people make with the Great Depression are totally out of touch with reality, and pretty stupid…We’ve been in much worse, much more panicked and more scary situations in the U.S.”
That’s what Steven Leuthold said in an interview yesterday.
Leuthold is one of the most respected fund managers in the world. He is a cofounder of Leuthold Weeden Capital Management which oversees $3.2 billion assets. Leuthold is also the manager of the Grizzly Short Fund, which, as the name implies, bets on falling stocks (the practice of “shorting” stocks). The fund returned 74% in 2008. So, in an inverse way,…
5Mar2009 | Q1 Publishing | 0 comments | Continued
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