John Paulson: US stock market could rally 40% from 1st Q level...

In the firm’s most recent correspondence with investors Mr Paulson said difficulties for US banks had been a particular drag on his portfolios but that he remained optimistic.

The US stock market could rally as much as 40 per cent from its first quarter level this year, he said.

http://www.ft.com/intl/cms/s/0/daae9292-8f99-11e0-954d-00144feab49a.html#axzz1OQRYr35f

 

sell Paulson, a hot streak doesn't last forever

 

Doesn't last forever? He's down 13% so far this year.

 

the statement is true but it has no predictive value. therefore no action is required

 

Paulson actually meant to say "In order to make $5bln in performance fees for 2011, we will need a 40% rally in the S&P."

 

NO RISK, NO FUN !!!!

 

Jumped the shark a long time ago when he let Pelligrini go and hired Greenspan as an adviser.

Great job shorting MBS (Pelligrini's trade) and great job catching the massive bounce off the bottom. Now, please retire to the Hamptons where half the toussle-haired trust fund babies of East Hampton will soon be doing blow off of your twin girls' tanned stomachs.