Thought for the Week -1/9/2017

Thought for the Week -1/9/2017

What’s the Forecast for Stocks this Year?

Synopsis:

  • The New Year is the time when Wall Street strategists attempt to answer the number one question on the minds of investors.
  • Markets move on events, not calendars, and equities are far too volatile to conduct an annual forecast with any level of statistical accuracy over such a short time horizon.
  • Annual predictions for the stock market are almost always wrong, and the ones who get it right are nothing more than lucky.

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