investment manager outlook russell s quarterly survey of managers and their views the market commentary by randy lert chief portfolio strategist december 2006 research 2russell group summary key findings trends compared to results from 9 06 poll bulls rule who responded are strongly bullish on for 2007 with 85 percent believing us stocks will gain during year a third believe be up 10 or more whereas only one in believes it end negative return response marks continuation trend quarter away concerns over fed economy that dominated june optimistic approach equity markets have raised equities particularly large cap growth non almost highest levels since began 30 months ago they lowered bonds reflects growing confidence federal