It appears for the third year in a row that strategist’s predictions for market gains for the coming year will again be too low. In 2016 the consensus by strategists was for mid-single digit gains. STIR’s Outlook was to expect double digits gains with a goal of 2500, and that is what the market delivered! In 2017, the consensus of ten Wall Street Strategist Forecasts (Barron’s) was again for mid-single gains of 6.3%. STIR was alone in calling for a 20% move to 2700. And the market delivered with a 19.4% gain. For 2018, the mean S&P forecast by the ten strategists in Barron’s is for a 5% rally to 2840. Once again, we believe that is way too low.