Capsule: Christopher M. Lamb, Old Mission Investment Co.

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.
JAN 04, 2009
By  Bloomberg
CHRISTOPHER M. LAMB 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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