In 2013, gold was not golden — it had its worst year since 1981 — but stocks were. Investors lost sleep over the Fed’s plans to stimulate less. D.C.’s deficit and budget wars and the partial government shutdown. The Middle East’s real wars. Europe’s debt and euro crisis and China’s setbacks. And the US jobless rate. Still, the S&P 500 logged its best year since 1997, up 30%. The Dow rose 26.5%, its best year since 1996. The Nasdaq gained 38%. The fear now is that investors got ahead of themselves. Analysts delivered 2014 forecasts with a dose of caution, warning that corporate profits have to catch up with stock prices before more market gains are warranted. Full story for BostonGlobe.com subscribers.
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