Wien Unbowed by U.S. Shares Slump Joins Birinyi Seeing Rally

The $1 trillion erased from U.S. equities in May has left bulls from Byron Wien to Laszlo Birinyi and Jonathan Golub unbowed in their predictions that the rally in shares will continue.

Blackstone Group LP’s Wien, who foresaw the bear market’s end in 2009, said the Standard & Poor’s 500 Index’s biggest monthly retreat since September lowered investment sentiment so much that it’s safe to buy. Birinyi, president of Birinyi Associates Inc., and Golub, the chief U.S. market strategist at UBS AG, say the largest first-quarter rally in 14 years left shares due for a decline and that gains will resume.