Uncertainty and Change Dominate Markets
US companies are doing an admirable job in difficult times. Uncertainty is not an acceptable management strategy, so businesses are continuing to move for-ward and seek opportunities to grow, even as Washington dithers. Despite our many concerns about the state of US policy-making, we remain confident in the fundamental strength of our economic system and the vitality and creativity of corporate American its people and in its structure
Where Do We Go From Here?
Investors are showing signs of uncertainty amidst uneven economic growth. The S&P 500 is down 5.64 percent from its peak on January 19. Alger thinks the market pause could go on until well into the second half of 2010, but predicts a significant rally in U.S. equities and a continuation of the bull market in 2011.