The Week and You: Hapless New Year!

The rally that stretched from the closing days of 2008 into the opening days of 2009 came to an end during the first full week of the new year.

The relentless pounding of abysmal economic data, to which many observers had come to believe the market had become immune, finally took its toll. Investors had to admit that Friday's December jobs numbers, while not as ghastly as some had feared, were still quite dismal.

In this edition of "The Week and You," CNBC's Courtney Reagan looks back at what analysts were saying as the old year came to a close, and at what they then recommended as the new year dawned, and the nation and the economy waited for the new president to take office: