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John Burbank of Passport Management Shares His Investment Outlook for 2013
Posted by: Dheeraj Grover (IP Logged)
Date: January 23, 2013 09:43AM
Well-known investor and hedge fund manager John Burbank was on Bloomberg to discuss his views on the stock market for 2013. He thinks the central bank should keep buying, and that will propel equities in 2013.
-- He thinks equity will be a good place to invest in 2013 as long as central bank buying continues, which is likely.
-- Credit spreads have tightened so much that equities are looking attractive all the way.
-- Problem with equities is that growth may slow.
-- Risks ahead of debt ceiling debate and there will be a pullback.
-- But if central bank keeps buying, equities should have a good year.
Credit and source: www.bloomberg.com, Bloomberg
Here is the video:
Guru Discussed: John Burbank: Current Portfolio, Stock Picks
Stocks Discussed: SPY, DJI, QQQ,
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