Calamos Advisors LLC Releases Quarterly Economic Review and Outlook

NAPERVILLE, Ill., Jan. 13, 2011 /PRNewswire/ -- Calamos Advisors LLC announces that it has released the quarterly Economic Review and Outlook authored by Nick P. Calamos, CFA, President of Investments and Co-Chief Investment Officer and John P. Calamos, Sr., CEO and Co-Chief Investment Officer.

The current Economic Review and Outlook includes a review of Calamos' 2010 Outlook statements and a summary of 2010 events. The Outlook also provides commentary on upcoming factors Calamos anticipates will contribute to the economic climate in the coming year. The authors discuss where they are seeing opportunity in the global markets, including the following statements:

"We would not be surprised to see the S&P 500 Index approach its all-time record levels during 2011."

"We are maintaining our 'short-term bullish' stance ... short-term market momentum and liquidity have been very strong (positives for equity prices)."

"We also see compelling opportunities when we consider the stock market equity risk premium ... The stock market has not been this inexpensive since 1980, apart from the 2009 trough. Current levels indicate an undervaluation of more than 20% ... (and) the flipside of volatility is opportunity."

"We are emphasizing strong growth-oriented companies with global presence."

"The risk/reward characteristics in the bond market are not compelling on the whole."

We invite you to read the entire January 2011 Calamos Economic Review and Outlook at http://fundinvestor.calamos.com/Commentary/CommentaryItem?name=EconomicReview_Jan_2011.

About Calamos

Calamos Investments is a globally diversified investment firm offering equity, fixed-income, convertible and alternative investment strategies, among others. The firm serves institutions and individuals around the world via separately managed accounts and a family of open-end and closed- end funds, providing a risk-managed approach to capital appreciation and income-producing strategies. For more information, visit www.calamos.com.

SOURCE Calamos Advisors LLC