Predictions '10 - Special Report
The Year That Was...
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The U.S. House of Representatives had passed the economic stimulus package. Now the measure goes to the Senate for a vote.
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Stocks retreated in a yo-yo session as an earlier advance in the shares of energy and big-cap technology companies dissipated. But banks held gains as investors hoped for more clarity on the government plan to firm up the financial system, with Fed Chairman Ben Beranke meeting with President Obama today.
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When it comes to job losses, March will be the cruelest month. “It almost can’t get any worse,” says one economist.
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The 150-year prison sentence issued to swindler Bernard Madoff Monday will send a strong signal to other potential perpetrators of fraud and to the financial markets in general, the White House said in a statement Monday.
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Now that the Dow has touched five figures again, investors can start focusing on the next benchmark.
The Prognosticators
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Look for consumers to have more control than ever over how when and where they access content, for social media to show continued growth and greater influence and an explosion on content on free sources.
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Look for consumers to return to their cost-conscious ways after the holidays, an increase in private label sales and heightened competition between Wal-Mart and Amazon.
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In keeping with Warren Buffett's long-term way of looking at things, we bring back our timeless and time-tested predictions to mark the coming new year.
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This year's forecast is a wish list. OK, I know that's cheating, but can you honestly think of even a half dozen prognosticators who have been totally right in the last two years?
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A break-out year for digital books and 3-D TV, a big comeback for Microsoft and a fall from grace for netbooks and Twitter.
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A funny thing happened on the way to Armageddon. The world did not end. While many of us preached doom a year ago, some were sellin’ the hope. Here are predictions for 2010, which are also a bit bold and optimistic.
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Ford Motor and General Motors will each take step big steps forward , but Chrysler is in for a tough year as it tries to buy time by pedaling old models.
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A mid-year slump for residential housing , no letup for foreclosures and say goodbye to bargain basement mortgage rates.
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Team owners will continue to cut down on luxury suites at their stadiums, broadcasters will go big on 3-D and more foreign investors will buy into professional sports.
Slideshows
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The world is just starting to emerge from unprecedented turmoil in the financial sector, and, having weathered one of the worst global recessions ever, we take a look back at the last 10 years.