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Happy New Year?

Just about any way you cut it, 2012 was a great year for the stock market. The S&P 500 Index finished up more than 13%. Tack on a couple of percentage points for dividends, and total return last year for this broad measure of stock market performance was nearly 16%. A very impressive year indeed and in line with our expectations.

-Scott Wren, senior equity strategist, Wells Fargo

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