Wall Street braced for worst year since crisis

Wall Street Bull

It's shaping up to be the crummiest year for U.S. stocks since the implosion of Lehman Brothers.

CNN Money reports that the bull market on Wall Street has run into a wall of alarming news: turbulence in China, vague Federal Reserve policy, a crash in oil prices, and a slowdown in earnings growth.

Those shockwaves have wiped out 6% of the value from the S&P 500 so far this year.

Here's the good news: investment professionals polled by CNNMoney believe a year-end Santa Claus rally will lift stocks off the mat and prevent a bear market from materializing. On average, survey respondents estimate the S&P 500 will end the year at 2015, up 3% from Friday's close.

The bad news is that the market would still finish the year 2% below where it started. That would make 2015 the worst year for the S&P 500 since 2008 - when it plunged 38% amid the financial crisis.

To access the complete CNN Money article hit the link below:

Brace for worst year on Wall Street since 2008

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