New Year Predictions and the Secret Sauce

The year-end ritual of predicting where the Dow Jones Industrial Average or the S&P 500 will close at the end of the next year has been going on now for several weeks. With much fanfare, Wall Street analysts give predictions with such conviction that many believe they must know something that the rest of the population doesn't. Many believe that they must have a 'secret sauce' of knowledge, sixth sense and computer algorithms that gives them the ability to see into the future.

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