Are we in recovery mode or still in a recession? This year appears to be a good year for investors to rebuild their holdings. The DOW recently broke over 10,400 and it looks like investors are optimistic about the future.
I would expect to see the car industry, jobs, and the best cd rates make a comeback in 2010 and investors expect it as well.
Bromoney expects the DOW to stay above 10,000. There will probably be more volatility especially with the workings of health care reform going on.
Emerging markets should be a big winner in 2010, with already 75% growth this year. Also I would expect Asian markets to come out big winners.
One in six people live in Asia, and the US only makes up about 5% of the world’s consumers.
Expect US companies that export goods to turn big profits in 2010.
I would also expect unemployment to linger next year, but eventually decline before the year’s end. We should also see a recovery in the bank CD rate market. Always be sure to use a CD rate calculator when looking at rates.
As for interest rates, the Federal Reserve can’t hold them down forever for fear of inflation. Once they do begin to rise expect to see the best CD rates rise over 4% again. The CD rate market has been horrible for deposit account holders in 2009, but this is definitely rock bottom.