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News Summary: Better housing to aid stocks: Schwab

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The Associated Press | December 6, 2012 06:28 PM EST | AP


FROM BUST TO BETTER: The housing market that collapsed five years ago is slowly on the mend. That will help underpin job growth, consumer spending, and the whole economy in 2013, says Charles Schwab & Co.'s Chief Investment Strategist, Liz Ann Sonders.

WITH ASSISTANCE: U.S. manufacturing will also improve, aided by stronger demand from emerging markets. That will help offset the declining government spending, Sonders says.

GOOD VALUE: Stocks are also attractively valued compared with their long-term, historical averages. That should also help attract demand.