Capsule: Duncan Richardson, Eaton Vance Corp.

All signs point toward a brighter 2009, according to Mr. Richardson, with one caveat. "It's almost too easy to predict the stock market is going up in 2009," he said. "Of course, I'm assuming the success of the government's efforts."
JAN 04, 2009
By  Bloomberg
DUNCAN RICHARDSON Chief equity officer Eaton Vance Corp. Boston Assets under management: $144 billion Forecast: All signs point toward a brighter 2009, according to Mr. Richardson, with one caveat. "It's almost too easy to predict the stock market is going up in 2009," he said. "Of course, I'm assuming the success of the government's efforts." Mr. Richardson said he is pleased with what he has already seen of the incoming president, Barack Obama. "It seems like he gets it," Mr. Richardson added. Mr. Richardson's generally bullish outlook for the financial markets does not include a rescue plan for the American auto industry, which he said will likely need to restructure on its own. One year will also not be enough to rebuild what has been lost in home equity wealth, he said. The 2009 finish line: The Dow: 11,040 The Nasdaq: 2,075 The S&P 500: 1,160 Tip sheet: Favorite fund: Eaton Vance Managed Equity Fund (EROAX) and Eaton Vance Corp. (EV). Favorite sector: Technology, especially software. Next big thing: "After an eight-year tech wreck, growth stocks will get their groove back." Biggest concern: A domestic terrorist attempt or a successful attack. Reading, watching, listening to: Book: "Wealth, War and Wisdom" by Barton M. Biggs (John Wiley & Sons Inc., 2008). Newspapers: The New York Times, The Boston Globe, The Wall Street Journal. TV: "The Daily Show," "The Colbert Report." Website: dowjonesnewsplus.com.

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