First, Stocks Will Plunge, Says This Market Veteran. A Huge Rally Will Follow. – Barron’s

December 19, 2021 by No Comments

Owing to the conventions of the Gregorian calendar, this usually festive time is taken up with prognostications for the year ahead. New beginnings bring hopes for better times, which surely beats dwelling on the disappointments of the year past, I suppose. Hope isn’t a strategy, however, according to the Wall Street maxim. So forecasts are published, if only to prove a bit of Yiddish wisdom: “We plan, God laughs.”

Annual outlooks for the stock market usually gravitate to an anodyne consensus calling for mid-to-high single-digit…



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