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Stock Market Outlook: More of the Same in November?

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When it comes time to carve the turkey (or Tofurky) on Thanksgiving, many investors will be especially grateful for this year’s stock market.

Investing doesn’t normally seem this easy, and yet stock prices have basically moved only one direction this year: up. The Dow Jones industrial average has blown past tantalizing, if largely insignificant, levels — first 20,000 in January and, most recently, 23,000 in October — on the way to more than 50 record highs so far this year.

Investing doesn’t normally seem this easy and yet, stock prices have basically moved only one direction this year: up. Even a decline in excess of 0.5%, a veritable pipsqueak of a movement for the Standard & Poor’s 500 Index, has become a rarity. Not since 1995...

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