Bill Miller: All the elements are in place for an ongoing bull market

 Article via Christoph Gisiger of Finanz und Wirtschaft Reposted with permission.

From the top to the bottom and back up again: That’s the story of Bill Miller. The legendary Legg Mason money manager is famous for beating the S&P 500 fifteen years in a row. But then came the financial crisis and his portfolio went into free fall. He had bought up shares of AIG, Wachovia, Bear Stearns and Freddie Mac, all of which were nearly wiped out. In the last two years though he staged a spectacular comeback. His Opportunity Trust fund ranked among the very best in the mutual funds industry. «I’m quite optimistic about the year and I think the market will probably be up...