2016-01-01miamiherald.com

``The Standard & Poor's 500 index ended essentially flat for the year after the day's modest losses nudged it into the red for 2015. Even factoring in dividends, the index eked out a far smaller return than in 2014. The Dow Jones industrial average also closed out the year with a loss. The tech-heavy Nasdaq composite fared better, delivering a gain for the year. "It's a lousy end to a pretty lousy year," said Edward Campbell, portfolio manager for QMA, a unit of Prudential Investment Management. "A very unrewarding year."'' -- There will likely be worse to come. The market's technicals look horrible since the breakdown in October, the Fed is continuing to drain liquidity (though not as much as it says), and the market hasn't had a real correction since the QE-boost-rally started in 2009...



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