It’s been a year to forget. With only two work-weeks left in 2008, the dollar’s year-to-date changes range from drops of 20% against the yen and 2.5% against the Swiss franc to gains of 5% against the euro, 23% against the Canadian dollar, 28% against the Australian dollar and 33% against sterling. Ten-year bond yields are down by 191 basis points in the U.S., 139 bps in Britain, 132 bps in Germany, and 28 bps in Japan. Among major equity indices, accrued losses amount to at least 34% for the Dow, Ftse, Dax, and Nikkei with the latter two down by 41.8% and 43.9%.

Quote from Currencythoughts.com

At least, I “witnessed” and “experienced” the meltdown. I thought it is really a year to remember.

From the desk of Tradergav.com