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November 24, 2014

Stock outlook for 2015: Good but bumpy

NEW YORK — Stocks can keep climbing next year, tacking even more gains onto their phenomenal run of the last five-plus years. Just don’t expect them to be as big — or to come with as little heartburn — as before.

That’s what mutual fund managers of all types are forecasting, as they peer ahead to 2015 and coming years. For a hint of what it may be like, just look back a few weeks when the Standard & Poor’s 500 index declined more than 7 percent from mid-September through mid-October. The tumble raised investor anxiety, but a stream of strong earnings reports helped it dissipate. The S&P 500 has since climbed to another record high.


 
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