I'll make this fast so you can all go enjoy yourselves tonight.
The U.S. stock market had a good year in 2010 but that doesn't nearly make up for the fact that stocks' performance over the past decade has been the worst since the (previous) Great Depression. I am fortunate that my net worth is much higher now than it was in 2000.
Bonds had a terrific year thanks to all of the artificial demand from quantitative easing. That effect is starting to backfire. Yields on the 10-year Treasury are heading back to where they were at the beginning of the year. The bloom will come off this rose thanks to out-of-control central bankers.
Real estate . . . don't even get me started. Read my blog posts for the last week or so to see the downward trend restarting.
Now you can go have your fun. Drink responsibly. Have a designated driver, call a taxi, or take mass transit. Try not to throw up on your clothing or your date.
