What a difference a year makes. This time last year (March 9, 2009 to be exact), we were in a state of high anxiety—concerned about unemployment, the stability of the banking system, a lack of confidence in the government and financial institutions and the implosion of the stock market. More than one-third of advisors surveyed back then said that it would take investors more than six years to recoup portfolio losses, according to the Advisor Confidence Index (ACI) survey in March ...

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