9 trillion dollars sitting on the sidelines...!Next year will see slow improvement...but that money won't sit out a whole year!!! These next two quarters will see the worst news... if people can look beyond that news there is hope out there ...there is!!! I have been through these times before and yes we will get this mess behind us.
Lets all buy good stocks that will pays us to hold them like Canadian Banks and we we'll get by this coming year OK and on to bigger and better... 2008 was a real learning experience... not sad to see it go... but I did learn from it.
And Don't let 2009 get you down the lows could get tested again maybe! but when the Americans get their New President near the end of January and a trillion dollars starts to get spent on infrastructure etc. the world will see a change for the better.
Cheers Have a Great New Year one and all.
After the market's unravelling this year, an arduous recovery
Madlen Read, THE ASSOCIATED PRESS
December 23, 2008
NEW YORK - After a year of devastating losses, the stock market has the makings of a recovery in 2009: Nearly US$9 trillion in cash on the sidelines, waiting to be invested.
But before investors can feel comfortable diving back in, they'll need to overcome the chilling effects of a recession and their distrust of how Wall Street operates.
"So many people have been so badly damaged," said Alfred E. Goldman, chief market strategist at Wachovia Securities, who has spent nearly 49 years monitoring the market.
Goldman said he's never seen despair worse than it was in late November. Indeed, that's a sign the market has hit bottom. And as mood improves, he said, some of December's record $8.9 trillion in money supply, as measured by the St. Louis Federal Reserve, could be funnelled back into stocks, bonds and other investments.
Fear on the part of investors and consumers alike could make the process slow and choppy next year.