This year was one for the record books to say the least. The market (as I track it by looking at the S&P index) was down just under 40% for the year. Too many causes to discuss in one post, Sub-Prime, Credit Default Swaps, price bubbles in both Food and energy, to name a few. I’m not a forecaster, so I cannot say when we will reach a market bottom, or if we will continue to drop to lower levels. What I do know is that our new president has quite a challenge ahead of him.
I wish all my readers health and happiness to you and your families in 2009. A safe New Year’s Eve to all.
Joe