Liz Ann Sonders, Chief investment strategist, Charles Schwab Corp.,San Francisco; Prognosticators offered their forecasts for 2005.(Investment Outlook)

Investment News, January, 2005

Byline: Brooke Southall Total client assets: $1 trillion Forecast: Ms. Sonders said that she feels optimistic about the prospects for 2005 because many of her peers are glum. She doubts that a "huge year'' like 2003 is possible, because of the falling dollar, the various trade and budget deficits, interest rates, oil prices and inflation.

But Ms. Sonders, who is based in New York, said President Bush's status as a second-term president could bring out his better fiscal self. "Second terms are different from first terms,'' she said. "I'm getting the impression there's a real focus on the deficit from this administration.'' Ms. Sonders also said that several small upside surprises could add up to a bigger one. She foresees...

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