US Market Commentary from Seeking Alpha - Jan 05, 2010LPL Holdings Inc
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Michael Panzner
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Financial ArmageddonIn Will Stocks' 'Lost Decade' Usher In Another Bull Market?" USA Today's Adam Shell polled a group of marketwatchers. including Sam Stovall, S&P's chief strategist; Bob Doll, Global chief investment officer of equities at BlackRock; Jeremy Siegel, a finance professor at the Wharton School of business and author of Stocks for the Long Run; Jeff Kleintop, chief market strategist at
LPL Financial; Francis Kinniry, a principal at Vanguard's Investment Strategy Group; Jim Paulsen, a strategist at Wells Capital Management; Tony Crescenzi, strategist and portfolio manager at Pimco; Axel Merk, president and chief investment officer of Merk Mutual Funds; Michael Farr, manager of the Touchstone Capital Appreciation fund; and, yours truly about what to expect in the period ahead,
Here's what I had to say: Investors who see much better returns ahead are making the same mistake as those who expect a V shaped recovery, says Michael Panzner, who writes a blog, Financial Armageddon, and is the author of When Giants Fall: An Economic Roadmap for the End of the American Era "They fail to grasp that the crisis led downturn was not a cyclical event, but the first stage of a secular recalibration," he says
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In Will Stocks' 'Lost Decade' Usher In Another Bull Market?" USA Today's Adam Shell polled a group of marketwatchers. including Sam Stovall, S&P's chief strategist; Bob Doll, Global chief investment officer of equities at BlackRock; Jeremy Siegel, a finance professor at the Wharton School of business and author of Stocks for the Long Run; Jeff Kleintop, chief market strategist at <span class="company">LPL Financial</span>; Francis Kinniry, a principal at Vanguard's Investment Strategy Group; Jim Paulsen, a strategist at Wells Capital Management; Tony Crescenzi, strategist and portfolio manager at Pimco; Axel Merk, president and chief investment officer of Merk Mutual Funds; Michael Farr, manager of the Touchstone Capital Appreciation fund; and, yours truly about what to expect in the period ahead,<span class="sent"> Here's what I had to say: Investors who see much better returns ahead are making the same mistake as those who expect a V shaped recovery, says <span class="analyst">Michael Panzner</span>, who writes a blog, Financial Armageddon, and is the author of When Giants Fall: An Economic Roadmap for the End of the American Era</span> "They fail to grasp that the crisis led downturn was not a cyclical event, but the first stage of a secular recalibration," he says
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