The needles are off of the Christmas tree, presents are already used, broken or returned, and now it’s time to dump the flat champagne and face the gray dawn of 2011. Or is it still 2010? There doesn’t seem to be much difference.

December’s job numbers were so disappointing that the stock market took a hit. Sales of existing homes late in the year fell lower than expected, spurring fears of a new wave of mortgage defaults. And Fitch and other sources are predicting another flat year for insurance pricing.

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