Capsule: Christopher J. Molumphy, Franklin Templeton Investments

CHRISTOPHER J. MOLUMPHY Executive vice president and chief investment officer for fixed income Franklin Templeton Investments San Mateo, Calif. Assets under management: $404.6 billion General outlook: The markets will probably rebound in 2009, but it's not a sure thing, Mr. Molumphy said. An "extended or protracted" economic recession could delay a market recovery until 2010, he said. Still, "we feel that the fixed-income markets are poised for a fairly strong rebound," Mr. Molumphy said. Municipal bonds are especially attractive: They're cheap, despite the fact they "represent an asset class which is of extremely high quality, and fairly low risk," he said. Next big trend: Deleveraging will continue. Biggest concern: That the current recession ends up being deeper than anticipated. Reading, watching, listening to: Book: "Hot, Flat, and Crowded: Why We Need a Green Revolution and How It Can Renew America" by Thomas L. Friedman (Farrar Straus & Giroux, 2008). Newspaper: The Wall Street Journal. TV: PBS. Website: bloomberg.com