The Bad News Victims of 2008 are the
New Victors of 2009
Michael Shulman, January 5, 2009
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There's no question that 2008 was filled with bad news when it came to the stock market. Just a glance at the major indexes shows how bad the carnage was—the Dow was down 32%, the S&P 500 tumbled 37% and the Nasdaq sank 40% as I write this.
You could have definitely made money trading markets, sectors and stocks affected by bad news in 2008—both long and short—and this will also be the case in 2009. There were a lot of losers last year, but there were also winners if you were willing to bet against conventional wisdom.
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