Expectations for the year ahead are all over the map.  Generally it is good to hear so many divergent economic and investment opinions to help build a wall of worry among investment managers. The old adage on Wall Street says “the market loves to climb a wall of worry”.    A growing wall of worry creates one of the best investment environments for equity investors. With that said, the best standard measure by which all markets are gauged is total return.  So our expectations will be based on a total market return basis and the underlying fundamentals and valuation of each security we own.   

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