Investors, Clients Differ On Impact Of Greenspan Departure

Only about one-fourth of registered investment advisers believe there will be dramatic interest rate hikes with the departure of Alan Greenspan as head of the Federal Reserve, while 44% of their clients think there will be, according to Rydex AdvisorBenchmarking. In other findings, Rydex says adviser confidence in the U.S. economy and markets dipped in January from its December reading, even though advisers expect to see a more favorable stock-market environment this year. Michael Sadoff of Sadoff Investment Management says indications that the Federal Reserve has stopped raising interest rates is "good news," though it may be eight months before the markets see the impact.