The first month of 2017 has begun with a very tight trading range for US stocks. Just as with the election in November, many market pundits were forecasting a collapse in stocks after the inauguration, but that has thus far failed to take place.  Projecting short-term stock prices is truly a fool’s errand.  Being right once or twice can often work against an analyst, as it makes them inherently confident in their ability in predicting random events, thereby continuing the practice.

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