What Could Derail the Recovery?

Investment strategist Ed Yardeni identifies several events that could radically change our financial lives.

It’s a tradition on Wall Street to offer predictions early in the year about where the economy is headed, whether companies will prosper and what will happen in the stock market. Here, Dr. Ed Yardeni, president of Yardeni Research, Inc., a New York-based firm providing independent investment strategy research, tries to spot 2010’s “black swans” -- those rare and unexpected events that can change the course of history, or at least have an outsize effect on your portfolio.

KIPLINGER'S: What are black swans, and why are they important for investors?

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.