December 8th, 2008
** Don’t Hold Your Breath for 2008 Year-end Rally — by Inya Ivkovic, MA - Profit Confidential
Historically speaking, the month of December is usually the time for stocks to rally. It is the time when investors are flush with year-end bonuses and holiday spirit, generally feeling very optimistic about what the New Year may bring. But, judging by the brutal selloffs across the board and around the globe the first day of December 2008, things are radically different this time around. The credit and financial crisis and the finally admitted recession in the U.S. are here to flat-line anything that might have had a pulse in North America, effectively killing the year-end rally to a point beyond resuscitation.