Billionaire investor Kenneth Fisher said the biggest U.S. companies will lead global stocks in 2011 even as returns diminish after an almost two-year bull market.
The Standard & Poor’s 500 Index has risen 88 percent from its March 2009 low as the Federal Reserve pledged to stimulate the economy and companies reported better-than-estimated earnings. The MSCI Emerging Markets Index advanced 134 percent, while the Russell 2000 Index of small companies rallied 130 percent during that period.
