After heading to Asia for year - end client meetings, Levkovich wrote: «A 10 % total
return in the next 13 - 14 months was perceived as being too conservative by many even as our year - end target is in line with mean and median top - down forecasts... Interestingly, several clients suggested that our outlook was far below the
bullishness expressed by other even when our numbers are pretty much well within the Street's consensus.»