Just like Brown, Udo Frank is equally optimistic on stocks next year, predicting stocks to rally as much as 15 percent, outperforming bonds and precious metals. Frank is chief executive officer of RCM Capital Management LLC.
In a Bloomberg interview on Dec 1, Udo Frank said that "2011 will be a positive year for the global economy and equities as an asset class," Frank predicts "balanced" gains for equities in the U.S., Europe and the emerging markets as world economic growth quickens from this year's levels and corporate earnings grow at a "double-digit" pace. Stocks will also outperform other asset classes as investors turn away from gold and other precious metals after they surged to record highs this year, he said.
So, should I sell my gold? Nah, I will wait till $2,000.
No comments:
Post a Comment