A Year Of Living Less Dangerously

If you feel like a battered investor, you've got good reason. The stock market's ups and downs made equity investors financially nauseated without producing any gains. And the lightning-quick runup in interest rates turned the bond market into a once-in-a-generation bloodbath. Even the usually safe harbor of intermediate-term government bonds did not escape the maelstrom. They suffered negative returns for the first time since 1958 and the worst results since 1931. Yes, 1931.

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