Big Caps, Big Edge
For four years in a row, Wall Street pundits have resolutely made the same New Year's prediction: Small-cap stocks will outperform blue chips over the coming 12 months. Each time, they have been wrong, but that hasn't stopped them from making the same forecast again this year. Their argument is simple: Small caps have lagged behind the large caps for so long that they have become historically cheap in comparison. And, they say, such disparities in valuations usually don't last very long.
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