Many are fond of predicting the direction for the future with unusual clarity. However if prior year predictions are looked back at, even a year later, you'll appreciate these offer questionable value.

Instead as an alternative we offer three distinct scenarios for how 2009 and beyond might unfold as well as signs that could provide advanced warning where we are headed. While different strategies succeed in each scenario, there are some "no regret" and "regret" moves you might consider in all cases.

Of course let us know if you have a different view.