We hope so. 2016 is fast proving rockier times are ahead.
Thursday, February 25, 2016, 3:27 AM
Something broke in the world last August.
After more than 6 years of dependable steep upward appreciation in the stock market, it all stopped. August 2015 saw a sharp drop in stock values, which quickly rebounded -- but to lower highs. Things more or less flat-lined until the start of 2016, when the markets started selling off in earnest.
What ended the party? We can speculate on the specific trigger (anemic global economic growth, the collapse in the price of oil, China's hard landing, central banks running out of options to intervene -- the list is long), but one conclusion is becoming clearer with each passing day: The trend has reversed. The stability and relative prosperity (false or not) of the past 6+ years is now over. And we are now entering more turbulent times. » Read more