High-profile investors from BlackRock Inc to billionaire William Ackman have turned more bullish on equities in recent days, as unprecedented stimulus from the Federal Reserve, a $2.2 trillion stimulus bill signed Friday, and a call by President Donald Trump to get the U.S. back to work in weeks rather than months sparked the biggest weekly rally in the Dow Jones Industrial Average since 1938. “People are trying to time the bottom and that’s indicative of an early bear market, when people have hope,” said Richard Bernstein, chief executive officer of Richard Bernstein Advisors. Bernstein said he was a …read more
Source:: Yahoo Finance
