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Stock experts bullish despite '18 whiff : After a big miss on last year's close, strategists forecast 19% gain in '19.

Jan 02, 2019 - Los Angeles Times

When you predict the same thing will happen to the stock market year after year, eventually you're going to be wrong.

That's what happened in 2018 to Wall Street strategists, whose perennial optimism about U.S. equities got bushwhacked by the worst fourth quarter in a decade. In January, the group predicted theStandard & Poor's 500 index would end 2018 at 2,893, on average, translating to an 8% gain. Instead, the benchmark index dropped 6% to finish just above 2,500. The almost 400-point g...