Investors Hope 2009 Brings New Hope For Wall Street

As volume is slowly returning back to the market, we experienced our third day in a row of green trading as the market ended up almost 3% at Friday's close. Many are cheering this three day streak, hoping it is a sign for new beginnings for Wall Street and that maybe we can see positive growth after seeing the market get demolished in 2008. However, as I say time and time again on this site, I believe this "hope" is more like a prayer, as in my opinion, it's a long shot for anything positive to come out of 2009. Let's examine the facts.

Everyone is talking about the biggest thing in 2009. Obama taking over the presidency. Sure, this event is bound to stir up some positive movement (which maybe is behind this recent rally, a bit early in my opinion, but maybe), but I don't care if it's Gandhi, I can't see one man turning around this economic crisis anytime soon. Sure, the damage can be lessened, but there will be pain and struggling. That's what comes with a cyclical economy.

The market cheered Friday, as Obama spoke of a strong, aggressive stimulus plan to be passed ASAP. People think that as soon as he takes office, money will be handed out to everyone. Even if it is, to an extent, that money is going to have to come from somewhere and it's certainly not coming from tax dollars, as no one is making money these days (except bankruptcy attorneys). So even if new money is printed to support the economy, that event in itself will eventually take a toll on the economy.

I wanted to share a portion of an interview that CNBC conducted on Friday with Martin Feldstein, a very well respected economist that has seen much in his days. In times like these, we really do need to listen to these old dogs, who have seen times near to the ones we are currently in. I do feel like these times are like none other we've been in, but I also think there is wisdom to be learned from mistakes of our past. This is what he said:

"I think we'll be lucky if by this time next year we see the economy having hit the bottom and starting up, and that's still going to leave us at a very low level of economic activity even if the turn has come at that point," Feldstein said during a live interview. "But there's no guarantee that all of this put together is going to achieve that."

Government will have to change the tax structure for capital gains and corporations while also exercising caution against inflation, added Feldstein, an economist at Harvard and president emeritus of the National Bureau of Economic Research.

"We are facing an economic downturn that is worse than anything I have seen in the post-war period," Feldstein said. "American households have lost more than $10 trillion of net worth in the stock market and housing prices. They are cutting back on their spending...Where's the demand going to come from?"

He also addressed the severe problem of these home mortgages and that a process needs to be taken to get these loans re-written. Either way, he feels we are a long way from even hitting bottom! These are why I like these old guys, they stick to facts. They are not easily wavered by the emotional wind that blows the markets. In the end, fundamentals will show through.

This coupled with the the lowest manufacturing data we've received since 1980 (ISM index hit 32.4 on Friday) still makes me a bear in 2009. Sure, I plan on buying some stocks here shortly, to take advantage of some short term Obama gains, but overall, I don't see us out of the trenches yet.

This is a great time to get into this market and prepare to make some money. If you aren't in, I would encourage you to consider tracking it and think about getting in soon. If you don't have an account, is a great place to start as they offer free monthly trades and incentives for new investors. A lot of money will be made in the next three years. As for an update on my mission with Lending Club, I have submitted an application for a lender (they have a reviewing process to make sure my credit is good enough). As I start lending, and hopefully make some good gains, I will keep you all updated. Keep up the comments, I enjoy hearing other voices in this market. Have a good weekend and we'll see you Monday.


  1. Anonymous Says:

    That picture of Obama is photoshopped. There is no shadow of the cigarette on his face, while the rest of his face leaves a big shadow.

  2. Anonymous Says:


    What is your point of view about the S&P hitting magic number 920? Do you think it will continue to run up till 1000 because of technical buyers?

  3. Chris Says:

    Anon1, I also believe it is photoshopped, I just liked the picture and the significance of it.

    the 920 was a momentum point for that point in the market. It is like a snap shot. As the momentum shifted, so did that point. So the 920 number at this point does not have any significance.

  4. Dave Says:

    While 920 may not be the "magic number" anymore, the S&P did break through 2 resistance levels and did a MACD crossover last week. Under normal conditions, S&P 1000 is a given.

    That said, it WAS "amateur week" - when this same type of thing happened during Thanksgiving week, the big boys came back on Monday and said "I don't think so!"

    We'll have to see how the pros react on Monday...

  5. Anonymous Says:

    How 'bout that good ole DXD today? Dow drops .91% and DXD rises .83% - and has lost a bit of that in aftermarket so far. None of the inverse ETFs I watch ever have a problem falling enough to match their target’s gain.

    SRS did that last Friday - DJUSRE closed down 3.14%, SRS closed up 2.74% instead of 6.28%. Today, DJUSRE down 2.06%, SRS up only 3.81% instead of 4.12%. That’s not so bad, but SRS could try a little harder in it’s 2X inverse attempts. Price decay is enough without your own team letting you down.

  6. Thomas Morgan Says: This comment has been removed by the author.
  7. Unknown Says:

    It is good too see a hope for investor in ukbestessay service and in other business and they should not miss this chance but they should think before investment because this investment can be dangerous for them and they can face big loss.

  8. Renu Das Says:

    Renu Das Kolkata Escorts Services has gorgeous females provides Independent Escorts Service in Kolkata call girls at 100% satisfaction with VIP models. Provided Kolkata escorts at our agency are professional in nature and are eager to serve you at your place.
    Kolkata Escorts
    Kolkata Escort
    Escorts in Kolkata
    Escorts Service in Kolkata
    Female Escorts in Kolkata
    Independent Escorts in Kolkata
    Kolkata Escorts
    Escorts in Kolkata
    Escorts Service in Kolkata
    Female Escorts in Kolkata
    Independent Escorts in Kolkata
    Kolkata Escorts
    Kolkata Escorts
    Kolkata Escorts
    Kolkata Escorts
    Kolkata Escorts

  9. Operations Management Writing Writing Service | Says:

    My Friend Recommended This Blog And He Was Totally Right Keep Up The Fantastic Work!

  10. Take My Marketing Research Assignment Says:

    I Personally Like Your Post, You Have Shared Good Article. It Will Help Me In Great Deal.

  11. Unknown Says:

    The Indian Exotic female escorts in Kolkata, Mumbai, and Delhi are here waiting for you, because we know that most of national and international travelers want to make their score in India with hot escorts serving as sexy playmate. Visit my site links -
    Call girls Service in Mumbai
    Independent Escorts Service Kolkata
    Independent Escort Service Delhi
    escort in Delhi
    Dwarka Escorts
    Mahipalpur Escorts
    Escorts Service in Dehradun
    Escort in Dehradun

  12. Garima Chopra Says:

    Welcome to my own site make your mood. in where that you can value that how Chennai escorts administrations delivering by method for me and my restrictive administrations at above Chennai Escorts every single moderate bill at 24 hours. By and by a days, individuals are dwelling disagreeable and riotous ways of life. This is for the reason that they are Chennai Escorts confronting distinctive fights over a mind-blowing span. With the goal that you could overcome it, unique decisions are obtainable for them (free escorts in Chennai offering by methods for me). Likewise, you must invest some vitality for yourself.

    Chennai Escorts
    independent Escorts in Chennai
    Chennai Escort Agency
    Chennai Escort
    Escorts in Chennai
    Call Girls in Chennai
    Chennai Escort Service
    Independent Chennai Escorts
    Russian Escorts in Chennai

  13. neha Says:

    Delhi Escorts ||
    call girls in delhi ||
    escorts in cannaught place ||
    call girls in hauz khas ||
    escorts in karol bagh ||
    call girls in aerocity ||
    call girl gurgaon ||
    escorts in service noida ||

  14. neha Says:

    Delhi Escorts ||
    call girls in delhi ||
    escorts in cannaught place ||
    call girls in hauz khas ||
    escorts in karol bagh ||
    call girls in aerocity ||
    call girl gurgaon ||
    escorts in service noida ||

  15. neha Says:

    call girl faridabad ||
    call girl laxmi nagar ||
    call girl in hauzkhas ||
    call girls pitampura ||
    call girls paharganj ||
    call girls aerocity ||
    call girls in karolbagh ||

  16. neha Says:

    call girls in saket ||
    call girls in dwarka ||
    call girls in mahipalpur ||
    call girls in nehru place ||
    call girls in vasant kunj ||
    call girls in chanakyapuri ||
    call girls in south ex ||

  17. neha Says:

    call girls in connaught place ||
    call girls in lajpat nagar ||
    call girls in indirapuram ||
    call girls in vaishali ||
    call girls in malviya nagar ||
    call girls in rohini ||
    call girls in uttam nagar ||

  18. Harshita Gaur Says:

    Delhi Call Girls ||@||
    New Delhi Call Girls ||@||
    Delhi Call Girls ||@||
    Escorts In Five Star Hotel Call Girls ||@||
    Delhi Call Girls ||@||
    Delhi Call Girls ||@||
    Real Mobile Number With Photos Call Girls ||@||
    Call Us Delhi Call Girls ||@||
    Malviya Nagar Call Girls ||@||

  19. Harshita Gaur Says:

    Aerocity Call Girls ||@||
    Saket Call Girls ||@||
    Mahipalpur Call Girls ||@||
    Dwarka Call Girls ||@||
    Preet Vihar Call Girls ||@||
    Vivek Vihar Call Girls ||@||
    Shahdara Call Girls ||@||
    Mayor Vihar Call Girls ||@||
    Patparganj Call Girls ||@||

  20. Harshita Gaur Says:

    Lakshmi Nagar Call Girls ||@||
    Civil Lines Call Girls ||@||
    Model Town Call Girls ||@||
    Kingsway Camp Call Girls ||@||
    Daryaganj Call Girls ||@||
    Kashmiri Gate Call Girls ||@||
    Delhi Gate Call Girls ||@||
    Pitampura Call Girls ||@||
    Rohini Call Girls ||@||

  21. Harshita Gaur Says:

    Janakpuri Call Girls ||@||
    Rajouri Garden Call Girls ||@||
    Patel Nagar Call Girls ||@||
    Punjabi Bagh Call Girls ||@||
    Chanakyapuri Call Girls ||@||
    Laxmi Nagar Call Girls ||@||
    Karkardooma Call Girls ||@||
    R K Puram Call Girls ||@||
    Friends Colony Call Girls ||@||

  22. delhiescorts Says:

    Blackbarry-Girls escorts
    Patel Nagar Escorts ||&||
    Preet Vihar Escorts ||&||
    Punjabi Bagh Escorts ||&||
    Rajouri Garden Escorts ||&||
    Rohini Escorts ||&||
    Adarsh Nagar Escorts ||&||
    Adchini Escorts ||&||
    Aiims Escorts ||&||

  23. delhiescorts Says:

    Ajmeri Gate Escorts ||&||
    Akbarpur Majra Escorts ||&||
    Akshar Dham Escorts ||&||
    Alaknanda Escorts ||&||
    Anand Parbat Escorts ||&||
    Anand Vihar Escorts ||&||
    Ansari Nagar East Escorts ||&||
    Arjun Nagar Escorts ||&||
    Ashok Nagar Escorts ||&||

  24. delhiescorts Says:

    Ashok Vihar Escorts ||&||
    Ashram Escorts ||&||
    Aya Nagar Escorts ||&||
    Azad Nagar Escorts ||&||
    Azadpur Escorts ||&||
    Babarpur Escorts ||&||
    Badarpur Escorts ||&||
    Badli Escorts ||&||
    Bahapur Escorts ||&||

  25. delhiescorts Says:

    Bakhtawarpur Escorts ||&||
    Bakkar Wala Escorts ||&||
    Balbir Nagar Escorts ||&||
    Bali Nagar Escorts ||&||
    Bapa Nagar Escorts ||&||
    Barakhamba Road Escorts ||&||
    Bawana Escorts ||&||
    Begumpur Escorts ||&||
    Ber Sarai Escorts ||&||

  26. delkhus Says:

    Call Girls Service in Baghpat @#@
    Escorts Services in Bharatpur @#@
    Escorts Services Bhiwani @#@
    Escorts in Bulandshahr @#@
    Call Girls in Civil Lines @#@
    Call Girls Service in Daryaganj @#@
    Escorts Services in Defence Colony @#@
    Escorts Services Delhi Gate @#@
    Escorts in Golf Links @#@

  27. delkhus Says:

    Escorts Services in Janakpuri @#@
    Escorts Services Lakshmi Nagar @#@
    Escorts in Lajpat Nagar @#@
    Call Girls in Vasant Vihar @#@
    Call Girls Service in Punjabi Bagh @#@
    Escorts Services in Rajouri Garden @#@
    Escorts Services Vivek Vihar @#@
    Escorts in Seelampur @#@
    Call Girls in Alwar @#@

  28. delkhus Says:

    Escorts Services Noida @#@
    Escorts in Real Girls Photos @#@
    Call Girls in Blogs @#@
    Call Girls Service in Delhi Call Girls Contact Number @#@
    Escorts Services in Aerocity @#@
    Escorts Services Chanakyapuri @#@
    Escorts in Connaught Place @#@
    Call Girls in Dwarka @#@
    Call Girls Service in Greater Kailash @#@

  29. delkhus Says:

    Escorts in Delhi @#@
    Call Girls in Delhi @#@
    Call Girls Service in Delhi @#@
    Escorts Services in Delhi @#@
    Escorts Services Delhi @#@
    Escorts in Gurgaon @#@
    Call Girls in Faridabad @#@
    Call Girls Service in Ghaziabad @#@
    Escorts Services in Greater Noida @#@

  30. Kolkata Hotel Escort Says:

    Kolkata Escorts@#@!

    Kolkata Call Girls@#@!

    Independent Escort in Kolkata@#@!

    Kolkata Call Girls@#@!

    Kolkata escorts services@#@!

    kolkata escort whatsapp@#@!

    Park Street escorts@#@!

    Rajarhat Escorts@#@!

    Howrah Escorts@#@!

  31. Kolkata Hotel Escort Says:

    Escorts in Dumdum@#@!

    kolkata escort whatsapp@#@!

    Bangali Escorts@#@!

    Bangali Call Girls@#@!

    Call Girls in kolkata@#@!

    Russian Escorts in Kolkata@#@!

    Park Street call girls@#@!

    Kolkata escorts agencies@#@!

    Kolkata Escorts agency@#@!

  32. Kolkata Hotel Escort Says:

    Housewife escorts in kolkata@#@!

    Model escorts in kolkata in kolkata@#@!

    Foreigner Escorts in kolkata@#@!

    Celebrity Escorts in kolkata@#@!

    Collage-Girls Escort in kolkata@#@!

    Gorakhpur Escort@#@!

    Ballygunge Escorts@#@!
    Dumdum Escorts@#@!

    Air-hostess escorts@#@!

  33. Kolkata Hotel Escort Says:

    Bara Bazar Escorts@#@!
    Salt-lake Escorts@#@!

    Gariahat Escorts@#@!

    jadavpur Escorts@#@!

    Dharmatala Escorts@#@!

    New-Market Escorts@#@!

    Sealdah Escorts@#@!

    Lake-town Escorts@#@!

    NewTown Escorts @#@!

  34. Kolkata Hotel Escort Says:

    Tollygunge Escorts @#@!

    Minto park-Escorts @#@!

    Digha Escorts @#@!

    Bally Escorts @#@!

    Uttarpara Escorts @#@!

    Santragachi Escorts@#@!

    Nadia Escorts @#@!

    Bolpur Escorts@#@!

    Diamond harbor Escorts@#@!

  35. Kolkata Hotel Escort Says:

    Asansol Escorts @#@!

    Durgapur Escorts @#@!

    Malda Escorts @#@!

    Ooty Escorts @#@!

    Jalpaiguri Escorts @#@!

    Hooghly Escorts @#@!

    Sovabazar Escorts @#@!

    Sonagachi Escort @#@!

  36. Kolkata Hotel Escort Says:

    Varanasi Escorts @#@!
    Manali Escorts @#@!

    Mussoorie Escorts @#@!

    Darjeeling Escorts @#@!

    Shimla Escorts @#@!

    Nainital Escorts @#@!

    Gangtok Escorts @#@!

    Siliguri Escort s@#@!

    Guwahati Escorts @#@!

  37. Kolkata Hotel Escort Says:

    Lucknow Escorts

    Jaipur Escorts @#@!

    Indore Escorts @#@!

    Bhubaneswar Escorts @#@!

    Ahmedabad Escorts @#@!

    Dehradun Escorts @#@!

    Goa Escorts @#@!

    Patna Escorts @#@!

    Ranchi Escorts @#@!

  38. Rajesh Says:

    Our Call Girls in Gurgaon have smooth bodies that can prepare you for a night of sexual loving. You don’t want to feel self-conscious as you’re safe here at our Call Girls agency. Our Services are all-time service that is accessible for you 24*7 hours. Our Escorts Girls are always prepared to make you fill you’ll have a fantastic alluring night with our lovely girls and you only need for believing simultaneously. Check our other Services also...
    Escorts in Gurgaon
    Escorts Service in Gurgaon
    Escorts Service in Gurgaon
    Female Escorts in Gurgaon
    Russian Call Girls in Gurgaon
    Russian Escorts in Gurgaon