Manning & Napier Quarterly Commentary: Identify the winners in a slow growth environment
'Importantly, the economy faces many challenges and uncertainties that could change the course of growth or contribute to large shifts in expectations. For instance, year-over-year earnings comparisons are set to become more difficult in the second half of 2010, the health of the banks and their lending operations remain fragile, and the outcome of financial regulation is unclear. The keys to navigating this type of uncertainty and changing expectations are to remain focused on reality and to be prepared to actively take advantage of shifts in expectations that will create opportunities."
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