From the November 2010 issue of Investment Advisor • Subscribe!

November 1, 2010

Behind the Numbers with Jeffrey Kleintop

Chief Market Strategist, LPL Financial

We expect the economy and  markets will stay on the course for growth in 2010. We are maintaing our forecasts for the year, which include: The U.S. economy will grow between 3% and 4%, with growth slowing in the second half of the year to a below average of 2% and 3%; stocks post modest single-digit gains on solid earnings growth, accompanied by high volatility; bonds post flat-to-mid single-digit gains as rates begin slowly to rise. Volatility will remain elevated, presenting risks to be side-stepped, as well as potential opportunities. Investors may benefit from a tactical approach to investing in the latter half of 2010 in order to find attractive opportunities when offered and successfully take profits when appropriate.

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