Looking Ahead to 2009 (Or Not)

Deflation will be the big story of 2009.

The U.S. Dollar will be the biggest beneficiary of the global deflationary spiral.

The market will trade between Dow 6,200 and 10,500, finishing down -17%.

Over 150 U.S. banks will fail.

More high-profile corporate scandals will come to light, as the disintegration of corporate management teams, misappropriation of funds, and mistrust by the public continues.

I’ll stop there.