- Lehman is no more: Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15th and the world would never be the same again.
- Dow would plunge a record 33.8% in 2008.
- Dow would continue trading under maximum possible 4 digit number and is expected to do so for the foreseeable future.
- Most companies declared Q1'09 as the bottom - The economy is not falling as rapidly as before. Barry's post sums this up neatly.
- We are currently experiencing a big bull rally. Nasdaq Composite is up 41.6% since lows of March 9th 2009, and Dow is up 26.5%.
- Some people already think that June 11th was the top and it is the beginning of a bear phase now. Since June 11th, Dow is down almost 6% and Nasdaq is down 3.5%. I don't hold any opinion on whether the current market is a small dip in the bigger bull rally or is it a new bear rally. I would leave that up to the macro experts to decide, although I highly doubt anyone's ability to correctly predict that.
- Finally, I graduated as the class of 2009 Wharton MBA earlier this May. While class of 2010 would be close, I think that class of 2009 should easily have the honors of graduating in the worst economic year. Whatever done, I cherished the graduation ceremony and a great speech by Prof. Muhammad Yunus.
