Archive for the ‘Year in Review’ Category

Happy New Year: Meh.

Monday, January 4th, 2016

Well, it’s a brave new world for us cynics. Somehow, we all survived another year, but it wasn’t easy.

It was a good year for terrorists (Paris, San Bernardino), despots (hello Cuba, Syria, Iran, et al.) and hackers (any repercussions from China’s hacking of government records, federal employees sharing classified documents on unsecure servers, etc.?).

It was a bad year for investors.  Or, if not bad, not so good.  Heck, even Warren Buffett lost money, although he can afford a nick more than the rest of us. 2015

It would be generous to say that stocks ended the year “sideways,” as the year was volatile and the beginning was much more forgiving than the end.  Overall, though, the year was as flat as Twiggy in Nebraska.  As The New York Times put it:

“Name a financial asset — any financial asset.  How did it do in 2015?

“The answer, in all likelihood: Meh.

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