Many will be glad to see the end of 2008.  For equity holders, it was nothing short of carnage.  Perceived defensive stocks fell sharply in what is the most severe financial crisis of our generation.

2008 will be one to remember for the speed and depth of economic and market deterioration made possible by global interconnectedness and technological advances -  speedy access to bad news.   View the concept of decoupling

It is suggested the rocky road will continue into the first half of 2009.  Thereafter we hope for some positive news and some upwards movement.   Time will tell….