Rest Up

This past year will no doubt be written in history books as one of the most dramatic years in the financial markets. We witnessed the height of the housing bubble and then participated in the credit crunch. All these events created an environment of distrust and mistrust. This atmosphere persists today. Although the volatility we lived thru in the months of September and October have died down quite a bit, uncertainties galore remain.

What can we expect this new year? The housing situation will slowly work itself out, as demographics and the American Dream and low interest rates will spur interest. The credit crunch is still being crunched - this is a far tougher situation to rectify. However, sooner or later the financials will have to start making moves and when they do things will brighten up a bit. I don't know whether it'll be in 2009 or 2010. Most important, though, is that we should see improvement in the unemployment figures. I expect to see a rebound in the latter half of 2009.

In the meantime, rest up! It has been an arduous 2008. No doubt, we've seen many more low points than high ones. Regroup. Rethink. Reenergize. 2009 will be an exciting year. It could be the year where wealth will be made.