Believe It or Not, Bulls Still Exist

Jerry Jordan, manager of Jordan Opportunity fund, expects a big market rally in the second quarter. But he's not so optimistic about the economy.

With bearish sentiment at a fever pitch, it's newsworthy when we find an intelligent, experienced investor who takes the opposing side. So we'll tell you about Jerry Jordan, manager of the Jordan Opportunity (symbol JORDX) fund. Jordan expects stocks to rally powerfully in the second quarter, possibly driving up the Dow Jones industrial average to 11,000 or higher, a 45% gain from current levels (the Dow closed February 17 at 7,553).

Jordan believes the fourth quarter of 2008 and the first quarter of 2009 will be the worst periods for the economy. After that, he expects the economic data to start getting less negative. By the end of this year, the Boston-based manager thinks growth could limp into positive territory again.

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Contributing Writer, Kiplinger's Personal Finance