Be INFORMED

Friday, January 02, 2009

Financial Markets For 2008

   The financial  markets couldn't bid farewell to 2008 fast enough after suffering some of the biggest losses ever in modern time.

  Standard & Poor's 500 suffered its biggest losses since 1937, losing 38.5%.

   The Dow Jones Industrial Average?  It didn't do much better either, suffering a 33.8% drop in 2008. That was the worst drop for the DJIA since 1931.

    The Nasdaq composite index was the worst performing of all 3 indexes, dropping 40.5%.

    It was the S&P's third worst year, the second worst for the Dow and the worst ever for the Nasdaq.   

Broad and biting. A vast majority, 1,316 or nearly 9 out of 10 stocks in the S&P 1500, lost value in 2008, according to data from S&P's Capital IQ. And on average, the losers are off 42.3%. Meanwhile, 469 members of the S&P 500 fell last year.

Jarring volatility. The market posted its best percentage day, on Oct. 13, as well as five of its worst, based on the DJ Wilshire 5000 index, which is one of the broadest measures of the U.S. market. And $6.9 trillion in market value was wiped out.     USAToday

   Investors and most brokers are hoping that 2009 is better for them, obviously. But that ain't going to happen without some added deregulation to Wall Street, for starters.

The Middle East To George Bush: Get The Hell Out Of Here!

  You all know that Resident Bush took his farewell tour to both Iraq and Afghanistan a little while back.  In Iraq, he was greeted as a liberator with a sized ten shoe thrown at his head by a journalist. To bad the shoe missed.

  From Watching America we get a read on the thoughts of someone from Egypt on Bush's tour to the region.

Al Ahram, Egypt
Get the Hell
Out of Here!

By Salwa Habib
How can the departing American president believe that anyone in Iraq would want to see him for the last time? Isn’t he satisfied with the war crimes he committed?
Translated By Asmaa Sharaf El Deen
21 December 2008

edited by Lauren Abuouf

Egypt - Al Ahram - Original Article (Arabic)
From now until his departure on January 20th, President Bush needs to spare himself the trouble of performing “false” tasks and duties.
It is useless and does harm to him and his country.
Last month, and at the APEC summit with Asia’s leaders, Bush looked alone, confused, pale and rejected—exactly like a “lame duck”.
But who suggested that he secretly visit Iraq and Afghanistan to bid the two countries farewell, countries that suffered under the yoke of war, all because of his catastrophic policies.
Did he miss being a newsmaker?
Or did he go there to celebrate a false "victory," a security pact rejected by all Iraqis, or to harp on a tailored democracy, freedom, which only brought about disaster, death and destruction?
How can the departing American president believe that anyone in Iraq would want to see him for the last time?
Isn’t he satisfied with the war crimes he committed?
Obviously, his visit was meant solely to shamelessly defend a war that claimed more than 500,000 victims, and to announce that the war is still going on.
This, undeniably, ignited a volcano of anger, aggravation, and hatred in a way hard to condemn, when Arab public opinion rightly regarded it an astonishing victory for Iraq and all Arabs.
In fact, Bush was lucky that none of his soldiers in Camp Victory, where he went afterwards, was bold enough to stand up and refute his repeated lies and accusations about the late Iraqi President Saddam, and bold enough to remind him that he was responsible for the American invasion of Iraq, claiming that the war was necessary for fighting terror.
Instead, Bush ought to have expressed his sorrow and regret about the blunders of the CIA, and about claims that Iraq possessed Weapons of Mass Destruction, and for the horrible mistakes, and lies, he and his administration made.
Then, during his last visit to Afghanistan, Bush was not even shot when he talked about the thriving democracy there. I wonder what kind of democracy can develop in an environment of violence and unprecedented chaos!
Please, Mr. Bush, go to the White House, your temporary home, and shut yourself inside it. No one wishes to bid you farewell, not even the Americans themselves, because of the shame you have brought upon them.