Going into 2009, after all the tax sell offs and write offs have ended for 2008, you may begin looking at equities to invest for the long term. Likely we will see an upward blip early in 2009. However, beware. The longer term fundamentals remain somewhat bleak. The stock market is an advanced indicator of economic activity - usually signalling what is to come 6+ months ahead.
There are -always- bargains out there: undervalued and mis-priced assets in the market. Though, given the fundamental shake up of the equities and capital markets, I predict that going forward we can no longer think as we did in the past. Do not expect things to return to the state they were in in the past.
Cash is king. However it is important to pick your currency: Japanese Yen, US Dollar, or Euro.
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