China became the world’s second largest economy in 2009, beating Japan that held the distinction for decades. China raised its growth forecast for 2008 to 9.6% from 9% which took the total to over $4.6 trillion.
The most recent high for the Standard & Poor’s 500 has been accompanied by a big tick higher in the trailing 12-month P/E ratio which will definitely be needed in 2010 for the rally to continue.
David Tepper is not a household name, but wait for 2010 and he will be. Tepper, who runs hedge fund Appaloosa Management will personally not only make over $2 billion, is also estimated to return over 120% after fees in 2009 and. The made a bold bet that the US economy would thwart depression and rebound sharply in 2009 which proved to be right