“Stocks are set to rebound like a “raging bull,” as a housing recovery and greater energy independence blow additional winds in the sails of the next equities upturn, says Tobias Levkovich, chief U.S. equity strategist at Citi Investment Research.
Investors are still reeling from the housing bust and ensuing credit crunch and recession followed by a sluggish recovery, market volatility and zero price gains.
“The investment community is distracted by having lost 50 percent-plus in stocks twice since 2000, the plunge in home prices, peak-like profit margins, employment challenges and a potential European sovereign debt/banking crisis,” Levkovich writes in a note, according to CNBC. ”
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