With the continuing unresolved issues of European sovereign debt and banking problems overhanging the securities markets, many investors have been reluctant to commit to full equity investment allocations. Admittedly, while these macro concerns remain quite real, we believe continued economic and business progress is being made. Nonetheless, despite the nagging global matters, it is our view that 2012 will likely bring considerable stock-picking opportunities due to low interest rates, growing merger, acquisition and takeover activity and relatively attractive common stock valuations.
|
