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From the January 2005 issue of Investment Advisor • Subscribe!
Behind the Numbers, with Lincoln Anderson
"I'm staying with it," says lpl financial's chief investment officer of his 2005 allocation strategy, which is the same one that he used to usher in 2004 and adhered to throughout the year. He's long been the most heavily weighted member of our panel when it comes to stocks, and he argues that an approach that was good in 2004 will be even better for this year. Increased company earnings and profits brought about by a return of pricing power are the engines he sees driving Wall Street and the major indexes forward in the coming months. "I'm expecting the earnings gain in 2005 to overwhelm whatever increase occurs in interest rates."--Robert F. Keane