In The "Year When Nothing Worked", This Handful Of Traders Made Billions
2015 was supposed to be another double-digit growth year for the market, instead as showed yesterday, it was the "year when nothing worked."
In the words of BMO's Lowell Yura, "this year is a wake-up call to think about lower returns for the next several years," warning that "investor expectations for both equities and bonds have been [mistakenly] elevated by recent history." Jim Bianco added that 2015 could be the worst for asset allocation funds since World War I: "for the first time since 2001, none of the major asset-classes returned more than 10%."