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2009 Market Recap

                The year started in total panic, credit market frozen, everyone in danger of failing from systematic risk, uncertainty of a new president, and half a million people losing their jobs every month.  The year ended with unrealistic expectation, up 65%ish from the lows, credit spigot fully open at 0% interest to banks, everyone bailed out, 100 million dollar of bonuses and Government stimulating everything and everyone.  The only thing that hasn’t changed from the start of the year to the end of the year is that we still have half a million Americans losing their jobs every month.  Middle class be dammed, let them eat cake!

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