Good-Bye and Good Riddance: 2008 Enters Stock Market History

by James B. Cloonan

Good Bye And Good Riddance: 2008 Enters Stock Market History Splash image

I am not sorry to see 2008 become history.

Like most everyone else, I am hoping for a significant market upturn in 2009, but I would settle for some firmness and reduced volatility.

Historically, the stock market is a leading indicator, and thus it should recover before the economy. But when that will occur is unknown, even though experts are making lots of predictions. Since the market tends to defy analysis, the turnaround will probably come earlier or later than generally expected.

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James B. Cloonan is founder and chairman of AAII.


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