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The year nothing worked: stocks, bonds, cash all go nowhere in 2015

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The idea behind asset allocation is simple: when one market struggles, it's OK because an investor can jump into another that is thriving. Not so in 2015.

New York

THE idea behind asset allocation is simple: when one market struggles, it's OK because an investor can jump into another that is thriving. Not so in 2015.

In fact, if you judge the past year by which US investment class generated the largest return, a case can be made that