It’s a tough call separating the financial market highlights of 2005 from the lowlights. They often were one and the same.
Where to start? Maybe Jim Cramer throwing a chair across the CNBC studio?
The sound of millions of hands slapping anguished foreheads as Google Inc. shares topped $200, then $300, then $400? D’oh!
The rise of “activist” money managers who, unhappy when a stock pick didn’t pan out, inevitably offered the same cookie-cutter solution to company directors: “Isn’t this a great time for a share buyback?”
