U.S. stocks prices could shoot up 20 percent this year, with technology stocks leading the way, says Barton Biggs, head of the New York hedge fund Traxis Partners LP.
“I’m betting the next move in the U.S. market is going to be up 15 to 20 percent,” Biggs says.
“I would just point out that the world is having a strong economic recovery, and so is Europe,” he told Bloomberg.
European policymakers announced a $1 trillion aid package to halt Europe’s debt problem. (more)
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