Fortress’s Novogratz Says U.S. Stocks May Increase 30%

Michael Novogratz, head of liquid markets at Fortress Investment Group LLC, says that U.S. stocks could end the year up 25 percent to 30 percent.

“There is nothing on the horizon that gets me scared,” he said in an interview today with Erik Schatzker on Bloomberg Television.

To contact the reporter on this story: Katherine Burton in New York at kburton@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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