The second quarter has just wrapped up. It's after the closing bell on the first Wednesday of what many analysts believe will be a tempestuous round of earnings announcements. But Ron Kruszewski, the president and chief executive officer of Stifel Nicolaus, is bullishly calm. Surrounded by a whirlwind of uncertain economic forecasts, Kruszewski stands in the green, literally.

"I just got my first hole in one!" he announces over the phone from a golf course in Stifel's headquarter city of St. Louis.

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