Expect foreclosures, falling home prices, green homes and homebuilders to dominate the headlines in 2008.

Steve Liesman runs down his list of eight things to look out for in 2008. Questions for next year include whether there will be a recession, a housing bottom, and whether the government and the Fed will bailout subprime.

A possible recession may benefit pharmaceutical stocks. More mergers are expected between big pharma and biotech companies. Meanwhile, new stents hitting the market could increase competition and cause stent prices to drop.

Look for more 3D movies, shifts in the way the music industry makes money and cell phones becoming a major media center in 2008. In addition, all eyes will also be watching how the writer’s strike affects the entertainment industry.

Will 2008 be the year to buy financial stocks? Bob Pisani runs down his predictions for next year including whether ETFs will continue to grow, expected IPOs, and whether coal will make a comeback.

Look for big box retailers to go small, acquisitions by overseas buyers, a boom in accessories sales and a move away from chewable toys.

Emerging markets have had a five-year bull run, but will it continue into 2008? Riedel Research Group's emerging markets analyst David Riedel says these “markets are pretty strong," but a significant US recession might still have a negative effect.

Goldman Sachs stays hot, Citigroup stays together and JP Morgan Chase hits the acquisition trail. Meanwhile, look for the credit crunch and market volatility to drag on and M&A to scale down.

Look for the return of the Dodge Challenger and Chevy Camaro, the debut of new SUV hybrid models and a spate of pint-sizes smart cars, but sales may not take off until the second half of the year when the economy is expected to improve.

The pace of Wall Street deal making will turn on the health of the economy in the coming year. M&A is "all about condidence," says Andrew Ross Sorkin, CNBC contributor and New York Times reporter.

Elaine Kub, DTN commodities analyst, and Jeff Auxier, Auxier Asset Management, discuss what are likely to be the hot crops of 2008.  Keep an eye on corn and soybeans.

Patrick Becker Jr. of Becker Capital Management and Russ Koesterich of Barclays Global Investors  discuss where to invest in the coming year. Becker likes financials and consumer discretionary while Koesterich favors health care.

Manuel Schiffres, executive editor of Kiplinger's Personal Finance, shares his stock picks with Erin Burnett. Find out why Cemex, Consol Energy, and AT&T are on his list.

"Mad Money's" Jim Cramer says 2008 is likely to be the year of natural gas, whose prices have lagged crude oil and others, and Anadarko Petroleum is the way to play it.

Oil could fall to $60 a barrel by the end of the first quarter, Lynn Westfall, Tesoro Chief Economist, tells "Fast Money," as global demand slows and OPEC members exceed their quotas.

John Cole from Ernst & Young and Mario Levis from Cass Business School review 2007 and discuss what to expect from the buyout business in 2008.

Praefinium Group's Alpesh Patel tells Jeff Cutmore that his firm has half a billion dollars to invest in India over the next couple years via a number of asset classes if the right opportunities present themselves.

Dick Berner, Morgan Stanley's chief U.S. economist, says Fed interest rate cuts won't avert a mild recession in the year ahead, as both consumer and capital spending slow.