1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (5983) 

Bill Miller Bullish On US Stock Markets

December 16, 2010

Legg Mason’s Bill Miller published an market commentary that outlined an bullish case for the US stock market:

Stock prices today have just recovered to where they were two weeks after Lehman collapsed, when the world was falling apart. As the table below shows, most measures of financial health have returned to levels prevailing before the demise of Lehman, but not stocks. The economy is expanding, liquidity is ample, inflation is under control, profits are growing rapidly and are set to pass their all time high, nominal GDP is at its all time high and real GDP will have fully recovered to its all time high within a quarter-two at the most, profit margins are at record levels, and corporate balance sheets are the best they’ve ever been, yet stocks languish below where they were in late August 2008, and that was hardly a bull market.

Bill Miller Commentary

Rating: 3.3/5 (8 votes)


Please leave your comment:

GuruFocus Mobile App

User Generated Screeners

gjg3000Gray F-Score
dguibertSmall Caps
InnerwestUS Stocks
DBrizanWmoat ROE15 yld 1
glidernyclow peg div growers
jlhpersonalNet-Net Japan
jlhpersonalNet-Net USA
infoPEG (< 1,0)
infoEV/EBIT (< 9)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)