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Behind the Numbers, with Mark Keller

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“We expect stocks will continue to work higher through the rest of the year, with a continuation of the choppiness that usually accompanies tight Fed policy,” says Mark Keller, chief investment officer of A.G. Edwards. “Not a lot of new capital has entered the market, notably not from retail or foreign investors, which leads us to think that this bull market can continue for a while.” Keller believes that the two risks to his economic forecast include the possibility that the housing recession could spread through the economy, and the possibility of another war–this one with with Iran. In both cases, Keller adds that the likelihood of these scenarios playing out has declined, yet still remains uncomfortably high.