Friday, January 02, 2009

2009 Starts Off

  • Whether you like it or not, it's 2009! Happy New Year!  I  hope this finds you happy and healthy.  Oh, and also reading this on your portable device from the treadmill at the gym.  You haven't broken that "get in shape" New Year's resolution yet, have you?
  • Yes, that is "Latika" (actress Freida Pinto) from Slumdog Millionaire.  Quite a good movie.
  • The stock market rolls on and trading should be fairly light for a day in-between a holiday and a weekend.  The market up sharply while the financial networks are ever bullish and talking about the "January Effect."  Sharpest opening day since 2003, they say. 
  • In March 2003, the market ended up retesting the September 2002 lows, and then beginning the amazing bull market and economic run to 2007.   There was an amazing stretch of GDP quarters running over 3% during that stretch.