As the Obama administration and Congress struggled to push financial reform legislation over the finish line, the financial markets enjoyed strong and relatively strong performance over the first half of 2010. This was consistent with the expectations set forth in my 2010 investment outlook (“The Illusion of Calm,” Trusts & Estates, January 2010). Equity and fixed income markets rallied toward the upper end of the range of the price targets I anticipated as the U.S. and global economies ...

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