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The Bullish Case….

Howard Ward, a portfolio manager at Gamco Investors joined Bloomberg yesterday to discuss his outlook for the markets and the economy.  Ward is very optimistic.  His bullish thesis is based on the following:

  • Recent jobs report gives the Fed an excuse to implement QE3
  • Don’t fight the Fed
  • We have 39 months of economic growth
  • Payrolls are still growing
  • Corporate profits are at record highs
  • The US consumer doesn’t care about global macro fears
  • The low interest rate environment forces investors into equities
  • Institutions and pension funds have to reallocate towards stocks
  • Despite all the positive catalysts investors remain too bearish
Ward’s biggest position and most bullish position – this one’s a stunner: Apple Inc.

See the full interview below:

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