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Omega's Einhorn Sees Another Two Years Left in US Bull Market

Sunday, 19 July 2015 02:36 PM

The six-year bull market for U.S. stocks has at least another two years left, Omega Advisors Inc.’s Steven Einhorn said Sunday.

“There’s quite a while to go before this particular bull market ends,” Einhorn, vice chairman of the New York-based hedge fund, which oversees more than $9 billion, said on the television program “Wall Street Week” on Newsmax TV.

The Standard & Poor’s 500 Index gained 2.4 percent for its best week since March as a Greek bailout agreement eased fears that the nation would exit from the euro and a rout in Chinese equities leveled off. Domestically, economic fundamentals remain strong and the pace of interest rate tightening by the Federal Reserve is likely to be gradual, boding well for equities, Einhorn said.

The former Goldman Sachs Group Inc. partner, who joined Leon Cooperman’s Omega Advisors in 1999, said health care and technology stocks will outperform in a slower U.S. expansion, while recommending avoiding the materials and consumer staples industries.

Hosted by Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, and Gary Kaminsky, a senior adviser at Morgan Stanley, "Wall Street Week" features a panel of guest experts giving you the straight dope on the good, the bad and the ugly of the American stock trading.

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"Wall Street Week" is a revival of the iconic program hosted by the legendary Louis Rukeyser.

Over the years it has featured appearances from seasoned experts like Ross Perot, Paul Volcker, Alan Greenspan, John Kenneth Galbraith, Malcolm Forbes and Paul Samuelson.

You owe it to yourself — and your portfolios — to watch "Wall Street Week" every Sunday on Newsmax TV.

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The six-year bull market for U.S. stocks has at least another two years left, Omega Advisors Inc.'s Steven Einhorn said Sunday.
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2015-36-19
Sunday, 19 July 2015 02:36 PM
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