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Tuesday, January 06, 2009
2009 Forecast: Moderate OptimismAfter the financial wreckage of last year, it is bold to forecast this year's performance of the U.S. economy. Even so there is consensus, among moderate optimists, that the economy will rebound during the second half of this year. |
S&P/Case-Shiller: U.S. Home Prices Fall 18% in OctoberPrices of U.S. single-family homes in October plunged a record 18.0 percent from a year earlier, according to the Standard & Poor's/Case-Shiller Home Price Indices released on Tuesday that indicated a U.S. housing market in the throes of a deep recession. |
Advice for the Bear MarketWall Street is full of old saws about bear markets. They tend to offer the same advice: When things look scary, stick out your chin and buy. But given the awful drubbing investors took last year, and with the economy still in a tailspin, dare we take that advice this time? |
Wall Street Slump Hits College FundsWhen it comes to Wall Street's 40 percent fall this year, the worries of some aging baby boomers extend beyond their 401(k) and IRA accounts. Americans had $101.7 billion invested in 529 college savings plans as of Sept. 30, down from $110.6 billion at the end of June, according to the College Savings Foundation. |