Financial Five: January 2, 2009
My weekly roundup of five financial stories that caught my eye on social news site Afternoon Rally and other sites around the web. This week, it’s a look back and a look ahead for the first Friday of the New Year.
- No bonuses for Citigroup Execs: There will be no bonuses for the top two execs, and reduced bonuses for others. This is their way of saying “thanks” for the $45 billion bailout.
- Home prices keep dropping: I guess that’s the good news/bad news of real estate these days. Great if you want to buy (and have the cash or can qualify for credit) or really bad if you want to relocate.
- Starting the year out right: At the time of this writing stocks are up, giving hope that this year’s numbers will be better than last year’s.
- Let the prognosticating begin: MSN Money gets the stock picking off to an early start with 12 pick for 2009.
- The Biggest Loser(s): Weight loss is a common New Year’s resolution, but these folks lost the most in their pocketbooks in 2008. See the billionaires who lost a LOT last year. A hat tip to Free Money Finance for finding this one.
I do have hope and a belief that 2009 will be better than 2008, if only because we were hit so hard in 2008. Here’s to a great New Year!
Got a story you thought shaped the week? Add it to the comments below, or join Afternoon Rally and submit it for all to see.
The easiest job on the planet is stock picking for a publication. You talk about all the good things about a company and make a bogus prediction about growth opportunities with no accountibility for explaining what went wrong at the end of the year.
This time last year bank stocks were poised to have a good year, everyone assumed most of the bad news was already out there.
I always love things like number 5 though. Thanks for the link!