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January 4, 2009 6:01 am ET
CHRISTOPHER M. LAMB
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Principal
Old Mission Investment Company LLC
Traverse City, Mich.
Assets under management:
$233 million
Forecast:
Market predictions have little value for Mr. Lamb, but he is willing to hazard a guess that later this year, "we may see a glimmer of hope that the world is not going to zero." At that point, a vigorous rally could ignite, he said.
He is also optimistic about the corporate-bond market. Government bonds are too pricey, "but I think you could see ... equitylike returns out of a good-quality corporate-bond portfolio" even if stocks languish, he said.
The 2009 finish line:
The Dow: 10,400
The Nasdaq: 1,840
The S&P 500: 1,060
Tip sheet:
Favorite sector: Financials.
Next big thing: Mutual funds that offer active pricing for purchases and sales during the trading day.
Biggest concern: Losing a generation of investors who have exhausted their patience with the equity markets.
Reading, watching, listening to:
Book: "The Snowball: Warren Buffett and the Business of Life" by Alice Schroeder (Bantam Books, 2008).
Websites: bloomberg.com, cnbc.com.
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