Jeffrey Saut Believes the Market Will End the Year Higher

By on August 28, 2009

Jeffrey Saut, Chief Investment Strategist, Raymond James, said money managers have been caught with too much cash which will provide fuel for the market.

Doug Cliggott of Dover Management admitted he has been wrong by being too skeptical of the rally. Cliggott blames the wall of money from the Fed for driving the market higher. Cliggott sees value in pharmaceuticals and utilities.

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