Where the markets are headed in 2008
Many prognosticators see dark days for investors
Choosing investments for 2008 is like trying to find a decent Christmas tree in a nearly empty lot. Stocks? Not with earnings expected to fall. Bonds? The safe ones are overpriced. Real estate? You gotta be kidding. With a credit crunch in full bloom, housing still on the skids, and a recession threatening, this is a singularly bad time to be hunting for assets that you can brag about owning a year hence. "It's going to be different magnitudes of weak," says David A. Rosenberg, chief North American economist at Merrill Lynch.
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