Capsule: Robert Klosterman, White Oaks Wealth Advisors

ROBERT KLOSTERMAN President and chief executive White Oaks Wealth Advisors Inc. Minneapolis and Sarasota, Fla. Assets under management: $200 million Forecast: The effects of government action domestically and globally will be felt in a positive manner, with the recession ending in the second or third quarter, Mr. Klosterman said. "As has been experienced in previous bear markets, the markets will likely anticipate better times ahead and the trend will turn positive in advance of clear signs that the worst is over," he said. "The flavor of choice for investments will be plain vanilla as unwinding of alpha strategies continues," Mr. Klosterman said. The 2009 finish line: The Dow: 10,600 The Nasdaq: 1,910 The S&P 500: 1,100 Tip sheet: Favorite stock: None Favorite sector: Corporate bonds, both investment-grade and high-yield. Next big thing: "There will be a furious examination and debate about why diversification did not work this time and how portfolios will need to be constructed to meet long-term objectives," he said. Biggest concern: "How and when the confidence will return in the financial system both domestically and globally." Reading, watching, and listening to Book: "Duma Key: A Novel" by Stephen King (Scribner, 2008). Newspapers: The Wall Street Journal and Barron's. TV: "Heroes" and "Brothers and Sisters." Website: bloomberg.com