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.”

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