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From the August 2007 issue of Investment Advisor • Subscribe!
Behind the Numbers, with Mark Keller
"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.