After 2014’s Party, Investors in U.S. Stock Market May Face a Hangover

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Revelers ringing in of the new year this week need to watch out for the next day’s hangover. And investors may experience a similar feeling early in 2015 after a two-year run that has propelled U.S. stocks up by nearly 50 percent. Headed into the last trading day of 2014, the SP 500 has gained nearly 13 percent on the year, shaking off concerns about valuations thanks to improved economic growth and a very accommodative U.S. Federal Reserve. Add in dividends and the advance is 15 percent.