Happy New Year! The new year will be a lot like an old year. Not 2012, but quite likely a lot like 2011, marked by increasing volatility and possibly a correction, before we begin a new leg higher in the markets. I reserve the right to be off by a year, but given a host of reasons covered in my year opening article for MarketWatch – Prepare for Zero Real Growth in the U.S. in 2013 (please read it) – it is time to err on the side of caution again as other investors decide to get back into the markets after several years.
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