Leuthold Bullish for Now, But Fears Deficit Problems

Top fund manager Steven Leuthold says he’s bullish on stocks for the rest of 2010. But he tells Bloomberg that he’s hesitant to look beyond the end of the year because of the looming U.S. budget deficit, which he calls a “giant gorilla in the room”. Leuthold says he has about 60% exposure to equities in his funds and close to 70% in his hedge fund.

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