The year 2015 may end up best remembered for frustrating bulls and bears alike on Wall Street — and leaving little clarity for either about the new year.
The six-year-old stock bull market stalled out as most major U.S. share indexes posted losses for the 12 months. That disappointed the optimists.
But pessimists — and value hunters — also came away unsatisfied because the market's declines were generally modest. Bearish investors had expected much more damage to stocks given the wild swings markets endured after mid-year, amid global economic jitters and a collapse of oil prices.
The Dow Jones industrial average slipped 2.2% for the year after...