Israel in 2009, as well as from 2000, proved to be one of the best places to invest money. The popular Tel Aviv 25 index soared 75 percent in 2009 and now is only 8 percent from its all time high of 1,166 of two years ago, while popular averages in the United States climbed by less than 29 percent last year.If an investor had put $1,000 into the TA 25 average at the beginning of the decade, he would now have more than $2,000. The same money in the Standard & Poor’s 500 would be worth only $918 today, according to S&P analyst Howard Silverblatt.
While the old investment prediction “the market will fluctuate” holds true, Israeli analysts are optimistic for 2010. The economy withstood the global financial blowout better than most countries and far better than the United States, where scandals and bankruptcies ruptured faith in the entire capitalistic system.
Read the full report at Arutz Shevah.
{Arutz Shevah/Yair Alpert-Matzav.com Israel}
