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Across My Desk: How The Major Indices Ended 2007

One of last year's biggest lessons: One, don't count your eggs before the year's end.

To help you out on that front, here's a performance look at how the major indices ended 2007:

  • The Dow Jones industrial average ended up 6.4 percent in a year that saw 34 record-high closes.

  • Standard & Poor's 500 was up 3.5 percent.

  • NASDAQ was up 9.81 percent--it's best performance since 2003.

  • The Russell 2000 ended the year down 2.75 percent.

  • The Dow Jones Wilshire 5000 gained 3.94 percent.

    Around the world, Brazil's stock market, the Sao Paulo Bovespa, gained the most- up 43.6 percent. And Venezuela's IBC General lost the most, down 27.4 percent.

    According to one source, the major U.S. stock market indices experienced their worst pre-Presidential election year since 1987. Another suggested that if the economy were to sink into a recession, a bear market (a decline of 20 percent or more from the market's previous high) would be a virtual certainty in 2008.

    While most pros seem to agree that 2008 has the makings for a lousy performance year, that's not necessarily so. As always, January 1 always marks the beginning of a new year in which anything can happen. Yahoo! And, Good Luck!

    To read more articles, please visit the column archive.

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