Next year should be better. Not a particularly positive opening gambit, but unsurprising in view of current volatility.
The contrast between the confidence that drew the FTSE All-Share index towards an 18-month high at the start of April, and the panic that has enveloped markets since then is stark.
With the general election behind us and the economic recovery continuing, the outlook for UK equities is one of reasonable growth.
The fear of contagion spreading from Europe is likely to keep the Fed funds rate low for longer and the rhetoric used by the Fed is unlikely to change as rates are kept low for ‘an extended period'.
Europe has been the centre of attention for all the wrong reasons this year.
Joanna Faith reports on the benefits and risks of investing in currency funds