Managing Expectations

George Keady says he's been spending considerable time with his clients recently on the delicate art of "managing expectations."

Such exercises are necessary, says Keady, senior vice president of Investments at UBS Paine Webber in Springfield, because many investors still don't fully understand that the double-digit gains and quick fortunes that dominated the stock market of the late '90s are not the norm.

And managing expectations is a big part of adjusting to the current market, said Keady, who, like other area financial advisors, believes that those who want to know what lies ahead for Wall Street should first look to the past.

Indeed, history reveals that the …