and then the 60’s was a golden decade…..

Dallas Fed president feels inflation will drop 30% closer to 2%…

Bull should have resolve

Between the ECB, IMF, and World Bank we only have about $600-$800 Billion….

I’ll go with FUGLY

[youtube:http://www.youtube.com/watch?v=-4QW4WIMJv8&feature=feedu 603 500]

Given the previous history between the two it makes sense. But more interesting; there may be a potential bidding war.

I’m in @ 8am Monday morning. Looks like a runner despite a rocky market. Iron clad speculators only please.

Sometimes it is good to get a wide perspective; as such people from around the country have written BI commenting on their local economy.

Full article

Luke i am your printer and father of chattel slavery 

They have finally admitted that home prices may not rise for a very long time.

As with all bubbles they hardly ever revisit the top. Take the NASDAQ for instance; most stocks have yet to reach the 2000 peak prices despite trading on cash flow vs expected revs….

Full article

Jon Najarian (“Dr. J”), one of the crew from Fast Money, said he was buying NFLX today. Just yesterday, Pete said he was long Greek bonds. No word on whether Pete has delved into recreational crack-cocaine usage.

Tough questions answered 

Thankfully, it is not so bad. But certainly something to worry about.

Upgrades

KOP – Koppers Holdings initiated with a Buy at Janney Montgomery Scott

MU – Micron downgraded to Neutral from Outperform at Wedbush

GPN – Global Payment initiated with a Buy at Stifel Nicolaus

AL – Air Lease initiated with a Buy at Citigroup

MRO – Marathon Oil upgraded to Hold at The Benchmark Company

SINA – SINA initiated with a Buy

CEA – China Eastern Airlines upgraded to Neutral from Underweight at HSBC

ZNH – China Southern Airlines upgraded to Overweight from Neutral at HSBC

EIX – Edison upgraded to Buy at Wunderlich

DELL – Dell ests raised at Brean Murray

Downgrades

DOW – Dow Chemical initiated with a Hold at Jefferies

NTRS – Northern Trust ests and target lowered to $41 at RBC Capital Mkts

REG – Regency Centers downgraded to Underperform from Neutral at BofA/Merrill

ITRI – Itron downgraded to Underperform from Neutral at BofA/Merrill

DNKN – Dunkin Brands initiated with a Hold at Argus

CZZ – Cosan downgraded to Equal Weight from Overweight at Morgan Stanley

Gapping up 

LVLT +7.3%, HRBN +5.2%, SQNS +2.3%,CAMP +10.5%, ING +1.4%, KGC +1%,  BAYRY +0.2%,  PANL +0.7%,

GERN +5.1%, GLBC +4.2%, MHP +1.4%,

Gapping down

TEX -5%, CAT -0.9%, HPQ -1.3%, DB -7%, HBC -4.4%, MT -4.3%, ORN -12.8%, IR -9.9%, MU -7.7%, XRTX -5.4%, BCDS –

2.9%,UBS -4.2%, MU -3.2%, BCDS -2.9%, AU -2.3%, BHP -1.6%, RIO -1.3%, HBC -4.4%, STD -2.3%, RIO -2.7%, GFI –

2.5%, AU -2.3%, BBL -2%, BHP -1.4%, SLV -1.1%, BIDU -5.6%, DANG -4.6%, YOKU -3%, SINA -2.7%, SOHU -2.2%, QIHU –

1.6%, SDRL -3.2%,

In Play

On the Wires

So let’s clean house

Retool and educate America….forget liquefying the banks 

How about a soft landing that ends up in a hard bounce ?

I like the confidence and gusto that next year will go well….