In your interest.
Online Personal Finance Magazine
No beating about the bush.
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