By Rita Nazareth and Carol Massar March 9 (Bloomberg) — Barton Biggs , who recommended buying U.S. stocks in March of last year when the Standard & Poor’s 500 Index sank to a 12-year low, said American equities may rise 10 percent to 15 percent over the next couple of months. “I’m bullish,” Biggs, who runs New York-based hedge fund Traxis Partners LP, said in an interview with Bloomberg Television today. “Earnings are coming in very, very strong. The surprise is going to be how good economic growth is.” The S&P 500 is up 69 percent since hitting a 12-year low of 676.53 one year ago today , the biggest rally for the index since the 1930s. The U.S. government spent trillions of dollars to stimulate the economy out of the worst contraction since the Great Depression. Biggs also said the world’s most attractive equities are in emerging markets. “I like the Asian emerging markets, and particularly at this point China and India.” To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net ; Carol Massar in New York at cmassar@bloomberg.net ;
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`Bullish’ Biggs Sees U.S. Stocks Advancing 10% to 15% in Next Few Months
