| As the last few days of December wind down, we are sincerely
looking forward to 2006. Overall, we remain quite optimistic and while we expect
securities trading to remain extremely volatile, we believe that equity prices
should continue their advance to new 12 month highs. It is our view that 2006
will be a stock picker’s market and that we will probably experience more
corporate consolidations, mergers, acquisitions, and unsolicited takeover offers.
The ultimate investor challenge will be to remain patient, persevering, and
disciplined. |
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