david goldman and andy bush. we appreciate the updates. next up on kudlow, jimly rodgers won't buy the facebook ipo. why not? he's going to tell us next. and folks, please don't forget, even though there ain't much around, free market capitalism is still the best path to prosperity. do you hear that washington, do you hear that campaign trail? free market capitalism. i'm kudlow. we'll be right back. forty years ago, he wasn't looking for financial advice. back then he had something more important to do. he wasn't focused on his future. but fortunately, somebody else was. at usaa we provide retirement planning for our military, veterans and their families. now more than ever, it's important to get financial advice from people who share your military values. for our free usaa retirement guide, call 877-242-usaa. borrowed technology from ferrari to develop its suspension system? or what if we told you that ferrari borrowed technology from cadillac to develop its suspension system? magnetic ride control -- pioneered by cadillac, perfected in t

david, let me turn to you. a note your highest among the banks you follow goldman sachs rather morgan stanley.get your reaction to how helpful it is that morgan stanley seems to be in the poll position in getting the lead of this ipo involving facebook. >> well, i think in terms of tangible financial note no deal makes that big of a difference. but potentially morgan stanley has been over the course of the last couple years it's had some issues with the market looking at their eu position. looking at the mortgage mess a couple years ago. and of course their bad results in '09. they need something good to happen on the, you know, reputational side on the market to feel better about the name. more psychological rather than tangible results. >> you have an outperform on morgan stanley and goldman sachs, but neutrals on jpm, citi and bank of america. >> yeah. >> why do you feel that those three don't get a little higher nudge in your view. what would they have to do differently to get a better rating? >> well, the universal banks are facing a tough long-term future because dodd frank really hits t

goldman sachs, citigroup and j.p. morgan all gained between 2% and 4%. financials got a lift after fitch ratings suggested europe is making progress in solving its debt problems. david riley, the head of fitch's sovereign group, said "the unwinding of the imbalances that led to the crisis is well underway... and the headwinds should begin to ease toward the end of the year." there were also big moves in several retail stocks today. shares of liz claiborne tumbled 13%. the company issued a disappointing financial outlook due to falling sales and the resignation of its chief financial officer. but a different story for lululemon, where shares rose 12%. the exercise apparel company raised its fourth-quarter earnings guidance thanks to strong sales. although the stock has been on a bit of a roller coaster ride, it is up more than 60% in the past year. now take a look at the chart of another upscale retailer, tiffany. its stock fell 10.5% and is trading near year-ago levels. tiffany lowered its full-year earnings outlook on weak holiday sales. the company said jewelry spending was more cautious in the u.s. and europe. several technology firms also issued earnings guidanc

david stevenson. >> occupy protest started early this morning in san francisco's financial district and quickly became confrontational. a crowd of occupiers overwhelmed police in front of the goldman sarh's building and a few lashed out at officers. another group chained themselves to the doors of the wells fargo bank headquarters. they were asked to move because it was a safety hazard to have all the entrances blocked. >> we will not move. wells fargo is evicting residents, they are taking people's money, they have helped trash the economy and we are here to say it has to end. >> reporter: police moved in and arrested about a dozen people for trespassing. >> occupy protesters also marched today outside the federal courthouse in oakland. the group gathered outside the federal building on clay street. they are protesting the landmark united states supreme court rule that removed most limits on corporate spending in federal elections. >> look at the inability of the political system to deal with the real problem that the country is facing, the game playing, they are taking care of the 1%, they are very responsive to the 1%. the rest of us don't even count. >> reporter: there were oc