Doomsayers and recession forecasters aside, two recent studies that advocate investments in large-cap growth equities say U.S. economic problems will be largely confined to the housing sector and some parts of the financial arena.

Fred Alger and UMB Asset Management have just issued bullish reports suggesting that subprime damage will be limited to only a few economic sectors. Both firms recommended that investors concentrate on large-cap growth stocks for the equities portion of their portfolios.

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