The year 2008 is coming to an end. The two most memorable events this year that will probably go down in history books include the first black President in US history and the colossal losses in the US stock market. In 2008 the US stock market experienced on of the biggest ever stock market drops in history. The US S&P 500 figures have seen a drop of 41 percent which is huge and definitely one of the worst considering that the biggest yearly drop ever was in 1931 during the Great Depression when the S&P dropped by 47.1 percent.

This year US equity performance has seen a $7.3 trillion of stock market value vanishes. The fallout has hit all sectors from banks to autos to commodities and resources. Unemployment has sky rocketed as house prices drop to record lows and cash-strapped consumers reign in on their spending, blowing more pressure on companies struggling to survive the downturn. What’s in it for the US in 2009? Time will tell. The coutdown is on…

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