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Good Morning and congratulations to the New York Football Giants, Winners of Super Bowl XLVI!
On a business note and regarding the situation with Greek debt, a heard a commentator on a business network state (and I’m paraphrasing) that when an issue is around for awhile, it tends to be priced into the markets. We agree completely. Furthermore, at this time we believe that there will be more “knowns” than “unknowns” impacting stocks and bonds during 2012 as compared to 2011. These knowns should lead to higher returns this year, as again compared to the prior. At this time we will hold to our earlier forecast of upper single-digit total returns this year. That said, the stock market has run more than 20% over the past five months or so and is due a warranted and beneficial breather.
Regarding fixed income (bonds), stay with corporates and stay with intermediate bonds.