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Why no one can tell you where the stock market is heading
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The professional strategists are spewing out numbers in a preposterous annual ritual. These forecasts are almost always incorrect.
ILLUSTRATION: PETER PHOBIA/NYTIMES
Jeff Sommer
You might object that I have no idea where the market is going, and you would be right. But so what? Nobody else knows either, and that’s never stopped Wall Street.
Professional strategists are spewing out numbers in a preposterous annual ritual. These forecasts are almost always incorrect. When they’re right, it’s only by accident.
