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On Monday, fund manager Steve Leuthold, who cleaned up last year by betting against the US stock market, turned bullish, predicting that the S&P 500 would soar to $1,100 this year.

Now, his London counterpart who cleaned up shorting British banks in 2008 is making a similarly bullish call. Hedge fund manager Crispin Odey told investors (subscription required) in his monthly report that things are looking up: "Stock markets have shot up, led by the financials and the base material sectors. Opinion is divided over whether this is a bear market rally or the beginning of a new bull market. I think it has the chance to be a new bull market."

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Another rich bear sounds a bullish note originally appeared on BloggingStocks on Thu, 16 Apr 2009 12:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Crispin OdeyCrispinOdeyinthenewsThu, 16 Apr 2009 12:20:00 EST