One of the main reasons why we are optimistic about 2012 is the significant difference between how we are starting 2011 and 2012. In 2011, we entered the year with a lot of challenges. Corporate earnings were coming from a high base in 2010 making year-on-year comparisons difficult. For example, in 2010, consumer companies posted record profits as they enjoyed both strong demand resulting from election spending and low raw material costs. Meanwhile, power companies benefited from significan...
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