Few can deny that 2009 was the year filled with rather doom and gloomy news. In fact, I believe the business world as well as Wall Street, along with most US citizens were happy to see 2009 to go. When all the news is good, investors and consumers should not be so joyous and euphoria, but rather consider the reality that what everyone thinks the stock market will keep going up forever, that's about the time it starts to crash.

For instance, when Silicon Valley got completely out of control and everyone thought the dot-com was the new utopian age, the bubble burst. And about the time that everyone started buying real estate in a feeding frenzy at the top of the market with no money down, thinking they were going to make millions of dollars flipping houses, the whole thing game tumbling down, it's like a child tipped over the checkerboard game.

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This is why, I was rather optimistic when I noted that in the last couple weeks of 2009 - there were mixed news reports, some predicting a second coming, or double dip, while others were completely bullish. It's easy to say in hindsight what would have seemed obvious back then, but that's not really the case, and I'd like to go through some of the news events towards the end of 2009, the last couple weeks and explains some thoughts on some of these major headlines.

British Airways cabin crew unions are threatening a 12 day walkout over Christmas; which didn't happen. Of course, it did happen around March 20, 2010 and it sent BA's stock into the sink hole temporarily. The airline industry has had a rough go of it, and it hardly matters which airline or part of the world, oh sure there have been one or two success stories in all this, but clearly no one has broken the speed record. Nevertheless, some airline stocks have soared off the bottom as profits climb off the bottom of the recession, you know like Ford and the Bank Stocks.

Also in the last few weeks of 2009, Vice president Joe Biden said major innovation, green initiatives, will create jobs during his speaking tour, claiming the stimulus worked; and cited many jobs which have been created and many more, or quite a few more to follow. This is a positive spin on the economy from an administration that warned us of a double-dip if we didn't stimulate and push up the economy.

The US dollar got a slight boost, oil was flat gold was down and Asian markets were also down. Like I said mixed economic indicators, which is better than all one-sided and the big fake out, catching businesses, investors, and job seekers off-guard. In fact during this period I noted a headline stating that: "Congress is considering passing a bill which would require cable companies to not raise the volume during advertisements." Well, if that's all Congress has to worry about, that too is a good thing, as it means less meddling in important matters, less change means more stability and happier markets.