2015 in a nutshell

by Dawn Pennington on December 28, 2015

U.S. companies defaulted on their debt at a higher rate than other countries, according to Standard & Poor’s. Sixty percent of the 111 defaults this year came from the U.S., with Arch Coal joining the list as we predicted.

Meanwhile five CEOs lost more than $20 billion in the stock market. USA Today reported that Warren Buffett, Sheldon Adelson (Las Vegas Sands), Nicholas Woodman (GoPro) top the list of executives who lost big bucks in their companies’ shares.

Earlier this year, Frank Curzio suggested you dump GoPro ($GPRO).  But if you shorted the stock, be sure to cover your short ASAP because he sees several big reasons for a turnaround as soon as 2016.

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