10 lessons for investors from 2013
Stocks go up in a straight line
In 2013, the S&P 500 Index jumped 27%, with only one notable pullback along the way. The pullback was less than 6% from peak to trough and lasted just one month. That compares with an average year that holds four market pullbacks of greater than 5% with at least one major pullback that has a peak-to-trough decline of 15.8% in the S&P 500 over the past 20 years. More volatility may be in store in the years ahead.
- 8 Heartbleed responses from financial firms
- Four top executives of private-placement syndicator DBSI head to jail for fraud
- Average retiree health costs could overtake Social Security benefits
- Cybersecurity gets the SEC's attention as agency plans to query advisers on safeguards
- Brokerage industry sounds off about Finra broker compensation proposal