US Markets - Dec23, 2009

Not much to add. Lighter volume indicates most people are taking a wait and see approach, and taking a early holiday. Everyone is anxious to put 2009 into the history books and hope for the best. Hope springs eternal and the dodo is extinct. Unless the markets have a massive rally into year end, the indices will have had there worst decade in history. Yes, even worse then the decade of the Great Depression. Giving credence to the saying...this time is Different. Unfortunately most people won't realize this until its too late...most people did not sell in Oct 2007, and after the market rallied back from Nov 2008 to Jan 2009. Look back into history, the markets rallied back from Nov 1929 into Apr 1930, in excess of 50%, only to continue to fall back down. Nothing is new under the sun. -Dio