Sorting by Value January 6, 2011 Dear Investor: Complacency is returning to markets. Risk aversion is evaporating. Recovery is in the air. Even the animal spirits are returning, with M&A activity reborn and speculation back in vogue. From a contrarian perspective, these signs are worrisome. The newly positive sentiment on stocks is bringing dollars back into the market and baking those optimistic expectations into stock prices. Still, macro...