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Market Outlook: Inside vs. Outside View

I've known Bill Miller, Legg Mason's (LM) top equity manager, for a long time. Full Article at Seeking Alpha

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  1. CHICAGO - JUNE 08: Miguel Cabrera #24 of the Detroit Tigers has words with home plate umpire Bill Miller #26 after striking out against the Chicago White Sox on June 8, 2009 at U.S. Cellular Field in Chicago, Illinois. The Tigers defeated the White Sox 5-4.
  2. Cincinnati Reds Jerry Hairston argues with San Diego Padres pitcher Jake Peavy, right, as umpire Bill Miller, center, looks on during the sixth inning of a baseball game Sunday, May 17, 2009 in San Diego. Hairston grounded out on the play.
  3. ANAHEIM, CA - MAY 14: David Ortiz #34 of the Boston Red Sox complains to home plate umpire Bill Miller after bieng called out on strikes in the sixth inning of the game with the Los Angeles Angels of Anaheim on May 14, 2009 at Angel Stadium in Anaheim, California. The Angels won 5-4 in 12 innings.
  4. NEW YORK - MAY 03: Musician Bill Miller attends the Clearwater Benefit Concert celebrating Pete Seeger's 90th Birthday at Madison Square Garden on May 3, 2009 in New York City.
  5. Juan Martin Del Potro of Argentina blows a kiss at the sky after defeating Andy Roddick of the U.S. in the finals of the Legg Mason Tennis Classic in Washington, August 9, 2009.
  6. WASHINGTON - AUGUST 09: (R-L) Robert Lindstedt of Sweden, Martin Damm of the Czech Republic, Marcin Matkowski of Poland, and Mariusz Fyrstenberg of Poland pose with their trophies during Day 7 of the Legg Mason Tennis Classic at the William H.G. FitzGerald Tennis Center on August 9, 2009 in Was...
  7. WASHINGTON - AUGUST 08: Fernando Gonzalez of Chile returns a shot against Juan Martin Del Potro of Argentina during Day 5 of the Legg Mason Tennis Classic at the William H.G. FitzGerald Tennis Center on August 8, 2009 in Washington, DC. Del Potro won the semi-final match 7-6,6-3.
  8. WASHINGTON - AUGUST 07: Tommy Haas of Germany returns a shot against Fernando Gonzalez of Chile during Day 5 of the Legg Mason Tennis Classic at the William H.G. FitzGerald Tennis Center on August 7, 2009 in Washington, DC. Gonzalez defeated Haas 7-5,6-4 to win their quarter-final match.
  9. WASHINGTON - AUGUST 06: Juan Carlos Ferrero of Spain serves to Tommy Haas of Germany during Day 4 of the Legg Mason Tennis Classic at the William H.G. FitzGerald Tennis Center on August 6, 2009 in Washington, DC.

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