"Wine grows with the economy," she added.
In addition, investors are returning to the health-care sector as the health-care reform takes shape, according to Lilly.
"There are wonderful health-care companies that are growing their revenues, growing their earnings, expanding their margins, buying back stock. And we just think the health care sector is going to offer great opportunity. Not to mention we think there is going to be a fair amount of mergers and acquisitions activity in the health care sector this year," she said.
"Deleveraging still needs to occur as the economy is in what we call a 'balance sheet recession' in a sense that the government has created free money but nobody is borrowing money and the people that can borrow money don't want to borrow money," Lilly said. "Asset values are coming down and so what you're seeing as assets are not as valuable and on top of that, the smaller companies' balance sheets that are impaired can't get the credit."
"The economy is in for some very tough sledding over the next six to nine months," Lilly predicted.
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