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Agenda for this Evening

Review the week Examine Economic Data Tax & Deficit Cuts Outlook on Oil

A New Year of risks European Debt China Correction

Competition Winners

1st place: jnurre2nd Place: mvbutzy08

Last Weeks Performance: S&P 500

+2.97%

One Month Performance: S&P 500

+0.3%

A Week in ReviewAirtime: Fri. Dec. 3 2010 | 5:01 PM ET

What moved the markets Thursday?

Airtime: Thurs. Dec. 2 2010 | 12:02 PM ET

Housing Data

Pending Home Sales for October expected to remain unchanged ( Zero Percent) Actual Results +10.4%

Midwest & Northeast: Large Increases

South: Modest GainsWest: Little/NO change

HousingTrends

Existing home inventories are falling

The top 10 homebuilders have remarkably higher market share now than they did during peak of housing market

Significant increase in demand for smaller homes (2-3 bedrooms)

Goldman Sachs' Top Bank Picks

JPMorgan Citi Bank of America Principal Financial Group Blackstone Group Invesco Evercore TD Ameritrade Stifel State Street Simon Property Group Dr Horton

Tax & Deficit Cuts

Wednesday’s Proposed Plan Overhaul the tax brackets to 12%-22%-

28% Lower Corporate tax rate to 28% from

35% Raise Social Security retirement age to

69 in 2075

Needed 14 of 18 votes to pass Only received 11 votes on Friday A deal could still be made before

year end which could send the markets higher

Return of $100 Oil?Airtime: Fri. Dec. 3 2010 | 6:25 PM ET

Oil Prices: 1 Month

Video Summary

Crude Oil prices up 6.5% on the week

Dollar significantly weaker on the week

Price of Oil: $89/barrel

Goldman Sachs, JP Morgan, Deutsche Bank all raise oil price forecasts for 2011 & 2012

National Average Gas Price per Gallon

One Month Ago: $2.80 Today:$2.90 Expected Year End: $3.00+

Drilling Ban March 3oth : Obama

announces permission of greater offshore oil exploration

April 20th: BP Oil Spill

December 1st : Ban on further offshore oil exploration for 7 years

China and Venezuela ramping up offshore drilling

Oil Plays

Halliburton (HAL)

Weatherford (WFT)

Schlumberger (SLB)

Baker Hughes (BHI)

British Petroleum (BP)

Things to keep an Eye on

Beginning of 2011

An Equity Correction in China?

Airtime: Fri. Dec. 3 2010 | 4:18 PM ET

Risks with China

Industrial growth will continue but stocks could hurt by measures to reduce inflation

Short (FXI) & (HOGS)

China may increase reserve requirements for banks

http://www.bloomberg.com/news/2010-12-05/greater-china-daybook-bank-reserve-ratios-may-rise-in-new-year.html

The Week AheadAirtime: Fri. Dec. 3 2010 | 5:02 PM ET