As we noted earlier, 2008 got off to a terrible start, and that set the tone for the entire year. The markets got off to a fast start in 2009, with the major indices all gaining around 3%, the NASDAQ was actually up 3.5%. The Dow rallied 250+ pts. and ended above 9,000.
The real newsflow will begin in earnest next week, and we’ll get a picture of how bad December really was in the economy.