Street looks to ‘09 with relief after terrible ‘08 (AP)

December 31, 2008 · Filed Under Stocks 

Igor Lerner, left, and Dilip Patel, both specialist traders for Bear Wagner, work from their post during early activity on the floor of the New York Stock Exchange, Wednesday Dec. 31, 2008. Wall Street showed a modest advance in the final session of a dreadful year as investors took some comfort from a sharp drop. (AP Photos/Bebeto Matthews)AP – The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year — the worst since the Great Depression, wiping out $6.9 trillion in stock market wealth. Six years of stock gains disappeared as the economy crumbled and markets crashed around the globe, shaking the confidence of professional and individual investors alike.

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