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2016 Stock Outlook

While the 2015 stock market started and ended on a flat note, 2016 may bring a silver lining. While 2015 started slow, it picked up some speed in the first half due to good fundamentals and optimism. But in true fashion, concern began to build and by August the market shifted and caused a mini crash as optimism faded. This brought growth concerns and skepticism as stocks dropped. The uncertainty continued and the year ended on a flat note. Fear quickly shifted to worry about the low price of oil, and then it grew as big names in the financial industry speculated that the price could continue to fall. The new year brought more of the same, and most investors are settling for outlooks built on trend extension and conservative optimism. But that very thing could be what boosts the market in 2016.

The market now sits in a position to produce some positive surprises this year. When investors stay worried there is often a better chance of good gains. When stocks seem risky or weak it isn’t always the top choice to buy. However, if the market can produce a few surprisingly positive results, this will create a shift in attitudes and that in turn will improve the market overall causing successful growth companies to be in high demand. Basically, this year will be the year to grab stocks in leading growth companies.
James Dondero, co-founder and President of Highland Capital Management, is a player in the financial market that everyone should keep their eye on. Dondero has over 30 years of experience in credit and equity markets and specializes in focusing on high-yield and distressed investing which is what this year is going to be all about. Jim currently oversees investment strategies and operations in both retail and institutional products for Highland Capital and he is sure to have his eye on these stocks that are sure to show growth. Watch him and the rest of the Highland Capital team ring the NYSE Closing Bell here.
Jim has also helped create Protective Life which produced over $2 billion between 1989 and 1993. He was both a Portfolio Manager and Corporate Bond Analyst for American Express as well as a career analyst for Morgan Guaranty. He is a graduate of the University of Virginia with high honors as well as the McIntire School of Commerce where he focused on dual majors in Accounting and Finance. He received his Certified Management Accountant degree as well as Chartered Financial Analyst.

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