Stock Market's Stagnant Year Means Smaller Bonuses On Wall Street

David Schepp
Wall Street stock market stagnant
Wall Street stock market stagnant

Workers who routinely track the balances of their 401(k) savings know that 2011 was a pretty dismal year for investing in stocks. The S&P 500, a broad stock index that includes about 75 percent of publicly traded U.S. companies, finished 2011 statistically where it began, meaning many investors ended the year where they started.

As The Wall Street Journal noted on Dec. 30 -- the last trading day of the year: "The entire year has been a wash. A long, painful, horrible wash. This has been like that episode of 'Dallas' when Pam Ewing wakes up to find Bobby in the shower and realizes that the entire season was just one long dream."