Rick Newman has published an interesting article about the wrongful assumptions professionals made for 2008 which never become right in USNews.com site.
For the US and globally for the most part economic conditions worsen as year 2008 progressed. But importantly 2008 will be remembered for the year that turned things around, the year that US saw how powerless and weak their economy is. Hard hit recession in 2008 and its effects on oil prices, housing real state prices, investment banking industry, increase in jobless rate will always provide hands on real time experiences for anyone to learn finance and economics. It was great learning experience how things changed caused by other.
But the great drop in DJI will be the unforgettable remark for year 2008 for US. I wish it was only US that was effected by this, but thanks to or due to the globalization, dependence of other nations on US consumer base mercilessly brought their economies down with it.
Nevertheless, 2008 will be a great educational experience for nations to open their eyes to unavoidable economic destructions.
Below are the main points Newman looked at for the year 2008.
Real estate values always rise over time.
The mighty consumer will keep spending.
A buyer will always emerge.
Banks will be careful with their money.
Don't worry, the smartest guys in the world are working on the problem.
Technology is the solution.
The feds will fix things.
There's plenty of liquidity.
Things will bounce back.
It can't happen to us.
Full article; http://www.usnews.com/blogs/flowchart/2008/12/15/the-10-worst-assumptions-of-2008.html
The 10 Worst Assumptions of 2008; by Rick Newman
Financial news catch up; Buyers Pick Up the Pace As Indexes Hold Gains
Volume picked up briskly as indexes held near the top of the session's trading ranges.
Oil prices pared losses, rising above $39 a barrel. Semiconductor and consumer electronics-related stocks continued to lead the Nasdaq, which showed a 1.7% gain.
The NYSE composite and the Dow each held 1.4% advances. The S&P 500 rode 1.5% higher, with Jones Apparel (JNY), Rohm & Haas (ROH) and Harman International (HAR) topping its upside.
More than 90% of the industry groups tracked by IBD moved higher, led by the paint and allied building product makers and auto and truck tire maker groups.
Volume picked up from mixed trading earlier in the session, rising 17% on the Nasdaq and 4% on the NYSE.
Full article; http://www.investors.com/editorial/IBDArticles.asp?artsec=1&artnum=4&issue=20081230
Photographics; nature
Apologies for low activity here in December. Nonetheless, hope everyone is enjoying their holiday season. Down here is my attempt at creating a new directional photographics picture series. Photographers eye immerse with the digital graphic designers touch; such creation is defined by ashPresentom as a Photographic. This definition can also be defined as energy creating, striking, and unbelievable photograph of a photographer, which then greatly defined and masterfully touched by a graphic designer to fabricate the piece of photographics!
Note: photographics are copyright by ashPresentom.
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