Eighty percent of fund managers expect the stock market to continue to rise in 2010, fueled by real corporate earnings growth, rather than aggressive cost-cutting, Russell Investments found.
“The managers believe U.S. equity markets can continue to move up from here in 2010,” said Mark Eibel, director of client investment strategies at Russell. “The managers are tentatively hopeful that earnings, driven by increased revenues and [supported] with continued monetary and fiscal policy—rather than cost-cutting [or cheap stock prices]—can become the main drivers for economic recovery and the market.”
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access