For those keeping score, 2015 was a historically bad year for commodities in almost every regard. And energy was the worst performing commodity of 2014 was the second-worst performing commodity of 2015.
For about 100 of the last 150 years oil prices have been under 40 US dollars per barrel. So why all the drama? And would we have whinged as much if we’d been told last January that oil costs would be more than halved in the next 12 months?
What nonsense being spewed out over the last few weeks. Everyone’s suddenly wearing a swami hat and predicting Armageddon. I’m glad I wasn’t reading my market “horrorscope” when…
There’s been a great deal of noise in the media about how the US stock market indices – like the S&P 500, the Dow Jones and Nasdaq – went nowhere last year. Well, that is to say that they went up, they went down and then they sort of came back up, ending the year in about the same place as they started.