The stock market is on a roll, according to TD Waterhouse’s 2011 Investment Outlook.

On Monday the firm announced that for the third year in a row it forecasts rising stock markets in 2011 in America and Canada. “While there are significant macroeconomic concerns we should still be cognizant of, we feel stock markets will continue to climb the proverbial wall of worry in 2011 and advance for the third successive year,” said Bob Gorman, Chief Portfolio Strategist, TD Waterhouse, in a statement. “In a tug of war between macroeconomic fears and solid fundamentals, the latter should prevail in 2011.”

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