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By Jason Stipp and Jeremy Glaser | 12-27-2012 12:00 PM

5 Resolutions for the Market

Morningstar markets editor Jeremy Glaser highlights some must-dos in 2013 for banks, Blackberry devices, frazzled investors, and corporate America's balance sheets.

Jason Stipp: I'm Jason Stipp for Morningstar and welcome to The Friday Five. On the cusp of New Year's, we've been thinking about resolutions, and not just for ourselves.

Here to offer five resolutions for the market is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: Jason, my pleasure.

Stipp: So who do you have resolutions for this week?

Glaser: We're going to take a look at the big banks, the housing market, Research in Motion, corporate America, and finally a resolution for everyone.

Stipp: Jeremy, you say that in 2013 banks just simply need to stay out of trouble. What do you mean by that?

Glaser: The big banks' PR departments were working overtime last year. It just seemed like we were lurching from scandal to scandal. Everything from J.P. Morgan's alleged "whale" losses, to the LIBOR fixing scandal, to even more allegations of mortgage fraud during the housing boom. It just seemed like every day there was a new story involving a big bank or a lot of big banks across the globe that were finding themselves in trouble or still facing some big problems that happened a while ago.

And this is a problem for the sector. They are facing a lot of regulatory scrutiny right now. We're still trying to make the rules post financial crisis: what's it going to look like, how big can the banks be, what do capital ratios need to look like? And if they're seen as continuing to get into a lot of trouble, they're seen as not able to truly police themselves, that increases the likelihood that there will be more restrictive laws put in place, that the regulators are going to take a much firmer hand with some of these larger organizations, and maybe think about cutting them down to size, really restricting what they can do.

This is something I think the big banks don't want. They want to have the freedom, they want to have the flexibility, to not worry about some of those things. I think even from a return standpoint, they need to be focused on their core business and not worried about putting out all these fires.

So I think for next year, staying out of trouble, really keeping their heads down, and looking at that core business is going to be key for the financial-services industry.

Stipp: Jeremy, at long last, 2012 was finally a pretty good year for the housing market. So what needs to be on housing's list of resolutions for 2013?

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