2012 shows the importance of paying attention to valuations amid the doom-and-gloom headlines.
Take Europe and China off your big worry list and focus instead on the consumer and inflation, says Morningstar's Bob Johnson.
Morningstar 2012 International-Stock Fund Manager of the Year Rajiv Jain expects continued earnings growth for the less popular growth stories of tobacco and Indian consumer stocks.
The U.S. is particularly well situated compared with almost any other economy in the world right now, says Morningstar's director of economic analysis. These four factors should push 2012 GDP growth ahead of 2011's rate.
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