The Decade From Hell. That’s what Time call it.
Bird flu. Swine flu. Facebook. The Space Shuttle Columbia disaster. Iraq. Bush. Taliban. Ahmadinejad. The Patriot Act. Katrina. Guantánamo Bay. Chavez. Sharia. Suicide bombers. Beheadings. Ringtones. Abu Ghraib. The Crackberry. Wacko Jacko RIP. California wildfires. Sarah Palin. Zimbabwe. Dafur. Gay marriage. New pope. Amish school killing. Benizir Bhutto RIP. Virginia Tech shooting. WorldCom. Enron. Oil. Cheetah Woods. Camwhores. Recession. Bailouts. Debt. More debt. …..Arggggggggggggg!!!!!!!!!!!!!!
But a good year for Indonesia in 2009 as shown by my “Indonesian market cap to Google” indicator which is still in positive territory!
At the beginning of 2009, Google was worth US$95 billion and all the Indonesian companies listed on the Indonesian stock market were worth US$125 billion combined.
So how did they fare during 2009?
Well, Google had a great year and its shares nearly doubled in value, pushing up the total value of the US search engine giant to an astonishing US$189.4 billion on 22 Dec, 09, or much higher than the value of all the Indonesian companies combined at the beginning of the year.
But during the year, the value of Indonesian companies also rose and by mid-December their combined value was US$210 billion, meaning they are still worth more than Google – but only just!