Goodbye 2014 and welcome 2015. It's hard to believe that a new year is upon us. But even harder to believe are all the expert predictions about what the new year portends. Of course, that won't stop the chorus of claims about market peaks leading to selling avalanches, domestic politics gumming up the works, geopolitics upending anything that had a chance of rolling uphill. In 2015, I think the refrain will be: The more things don't change, the more they remain the same—with the exception of our own economy, which I think is more likely going to keep improving. This means that despite what I think will be a much bumpier road ahead, I think we'll have gains again. Read more
This week has seen a flurry of expected and unexpected market-moving news. As expected, we finally got a European Central Bank stimulus plan, whose playbook was derived from our own successful one. What we know after today’s ECB meeting: A stimulus measure based on $70 billion per month “bond buyback” (purchasing national and agency bonds from zone economies in what looks like a per-capita weighting based on those economies’ size) program that will run at least through September of this year. Read more
As expected, we finally got a European Central Bank stimulus plan, whose playbook was derived from our own successful one. What we know after yesterday’s ECB meeting: A stimulus measure based on $70 billion per month “bond buyback” program (purchasing national and agency bonds from zone economies in proportion to the size of each) that will run at least through September of next year. Read more
Jim Lowell is Editor-in-Chief of the award-winning independent newsletters Fidelity Investor and Fidelity Sector Investor. Through his newsletters, Jim advises individual investors seeking superior performance from their Fidelity investments. He has also written several books on investing, Investing from Scratch (revised edition, Penguin, 2006) and What Every Fidelity Investor Needs to Know (Wiley, 2007) among them. Read more
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