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A BEAR TURNED BULL REMAINS BULLISH

Richard Bernstein has always been one of the most levelheaded analsyts on Wall Street.  He was very bearish during the tech debacle and was equally bearish in the years leading up to the housing downturn.  He turned bullish in mid-2009 and explains why he remains so.  Like myself, Bernstein sees the investor community substantially underestimating the outperformance in corporate profits:

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