Cloudy With a Chance of More Clouds

FOR THOSE INCLINED to move in or out of the stock market based on Trump's victory, consider this: Forecasting elections should be relatively easy. All you have to do is identify a representative sample of the U.S. population and then ask them how they'll vote.

By contrast, forecasting the stock market is infinitely more complicated, involving a two-step process: First, you have to predict the economic and political news--and then you have to forecast how investors will react to this news. The bottom line: If the pollsters can't accurately predict an election, do you seriously think you can accurately forecast the direction of stock prices?