While I am optimistic about the prospects for continued growth in the U.S. economy (albeit sub-standard growth from a historical perspective) and for the stock market overall for 2013, I remain concerned that many of the same headline risks that were in place heading out of 2012 may still prove to be headwinds in 2013.

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Moreover, from a historical perspective, the timing seems right.

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The level of pessimism is high from a historical perspective.

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That's the principal driver that we've seen from a historical perspective.

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From a grand, historical perspective, we are only at the beginning of the wealth-creating age.

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From a longer historical perspective, it will happen, inexorably, because of the economics.

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To provide an even clearer historical perspective, consider this: The name "Francesco" literally means "somebody from France" and only became popular in the 13th century because St.

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The courts would likely side with the players based on historical precedent, and going through the court system would be costly both financially and from a public relations perspective.

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We also observe that the fears about 7-10 year Treasuries imploding might be a bit of an overstatement, at least from a historical perspective.

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From our perspective, the stock is currently trading near what we have termed the rationally expected high price based on historical valuations of WHR.

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