What do we actually know about the market in the coming year?
We do know expert predictions are never of much value. From CXO Advisory (Jan 2): "In summary, investors should not expect the typical "expert" to outperform a simple extrapolation of the long-term trend in forecasting the level of a broad stock market index one year ahead."
Another thing we know is that earnings estimates continue to go lower. The forward and trailing market P/E ratios are not as low as you might hope after a crash.
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