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Taxpayers must pay the freight for over-budget train projects
Topic - Karyn Cavanaugh
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
For the stock market, this week hasn't been the most wonderful time of year.
When jobs fall, the stock market follows.
The Dow Jones industrial average fell below 12,000 for the first time since March Friday as fears spread that the global economic recovery is losing steam.
"I expect a lot of good things for the new year," Karyn Cavanaugh, market strategist with ING U.S. Investment Management, said. "The economy is getting better and corporate earnings are improving. That's going to drive the market higher next year as well."
Karyn Cavanaugh, market strategist with ING Investment Management in New York, wrote a note to clients Wednesday highlighting the less-than-merry retail sales.