By: Lee Brodie
Widely followed strategist Richard Bernstein is making some surprising predictions for 2010. What should you know? In case you’re not familiar with Bernstein, he was renowned for being bearish, but turned bullish over the past few months. On November 10th he went from big bear to baby bull when he told the Fast Money desk, “People like me have underestimated the rebound. The economy is slowly getting better.”
Why the change of heart?
Because initial jobless claims, which he and many others consider a leading indicator, had improved dramatically.Then in mid-December, on the website Business Insider, Bernstein shed his grizzly skin for good -- and put on a pair of bull horns -- when he revealed his 10 predictions for how financial markets will shape up in 2010. His outlook wasn't just optimistic, it was downright rosy.
http://www.cnbc.com/id/34468514
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