Cheerful or fearful? What to watch out for in 2010

If the last year has been one-way traffic on the road to recovery, market participants can expect a rougher ride in 2010, with a much more diverse range of risks — and opportunities — in store. A possibility of a double-dip recession, the withdrawal of quantitative easing and more long-burning debt crises of the Dubai type could all make the coming year more volatile — and interesting — than 2009.