Current managing partner of Traxis Partners and former chief global strategist for Morgan Stanley, Barton Biggs recently wrote in Newsweek his reasoning for a "50 percent probability" of better days for the economy and stock markets:
- Powerful monetary and fiscal stimuli will have positive effects
- Bad news is priced into the markets
- Stocks' valuations are cheap
- When everyone is bearish and has acted accordingly, it is right to be gradually buying
Please click here for Biggs' March 16 Newsweek article.