At the time of this writing, we find ourselves in an interesting position.Many economists, strategists, and pundits are changing course and beginning to share our positive outlook by ratcheting up their expectations for 2011.After several years of a consistently negative consensus, this dramatic shift has us wondering if sentiment is getting ahead of itself—the S&P 500 was up 6.5% in December alone!However, as we remain constructive on the current state of the global economy and the health of corporate profits, we remain optimistic.
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At the time of this writing, we find ourselves in an interesting position. Many economists, strategists, and pundits are changing course and beginning to share our positive outlook by ratcheting up their expectations for 2011. After several years of a consistently negative consensus, this dramatic shift has us wondering if sentiment is getting ahead of itself—the S&P 500 was up 6.5% in December alone! However, as we remain constructive on the current state of the global economy and the health of corporate profits, we remain optimistic.