Steven Leuthold, "The economy is certainly improving"
Steven Leuthold has racked up an impressive record managing money over the past 5 years. He currently predicts the S&P 500 will reach 1,100 before the end of the year. Leuthold said inflation is the danger to worry about; which he believes could accelerate approximately 2 years from now.
Leuthold said he is investing in diversified financial services. He is also emphasizing emerging markets, especially Asia, as a way to protect against dollar debasement.
Leuthold also expects tougher times for hedge funds as they need to get back to their highs in order for the managers to generate their fees.
Hugh Johnson of Johnson Illington believes the economy will expand in the 3rd quarter.
Sources:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aj_PmAS.8L5g
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