Miller's comments were given partial credit for Wednesday's 172.60-point rise in the Dow Jones industrial average <.DJI>.
It "looks as if the bottom has been made" in U.S. stocks, he said.
Thursday, December 4, 2008
Breaking News-RTRS-UPDATE 3-Legg Mason's Miller: "Bottom's been made" in stocks
NEW YORK, Dec 3 (Reuters) - Legg Mason's Bill Miller, a celebrated value investor but whose stock picking is far off the mark this year, said on Wednesday the "bottom has been made" in U.S. equities, and forecast opportunities for strong gains once markets rally.
Miller's comments were given partial credit for Wednesday's 172.60-point rise in the Dow Jones industrial average <.DJI>.
It "looks as if the bottom has been made" in U.S. stocks, he said.
Miller's comments were given partial credit for Wednesday's 172.60-point rise in the Dow Jones industrial average <.DJI>.
It "looks as if the bottom has been made" in U.S. stocks, he said.
