2008 is almost over. I'm so excited

2008 was a terrible year for trading. We had the biggest one day point drop in stock market history along with the 3rd worst performance by the Dow ever. Year-to-Date the Dow, S&P 500 and Nasdaq were all down 33.84%, 38.49% and 40.53% respectively. If you invested your money in the beginning of last year in just about anything you were better off giving it to your friend and paying them 30% of your portfolio to kick you in the ass. Then even after all that, you would still have had more money than you do now.



With a laundry list of failures this year and the word bailout in every household around the US the pain seems never ending. Nothing was winning this year, not even oil which ended down a little over 50%. The one energy play that did end up was coal with companies like JRCC up 37% for the year and at some points up over 436%.



I will not be happy with anything less than a 30% gain on the major indices. this will not even bring us back to the end of 2007, but it will heal some wounds.



At least Erin Burnett didn't lose a step in 2008.