elaine garzarelli is president of garzarelli capital. elaine, nice to see you, and happy new year. >> same to you. >> tom: you use a set of indicators to discern your market outlook. why so optimistic? >> well, my indicators range from 0 to 100%. and currently they're at 80%. they include fundamental indicators such as monetary indicators, economic cycle sentiment and valuation. and anything below 30% would suggest a major bear market below 43 would be a 10 to 15% correction. so at 80%, that is very, very bullish. >> you are looking at the fundamentals there. but what about the headline risk, especially all those attorneys-- concerns about europe. you heard in the reporting earlier in the program about governments getting their credit ratings cut overseas. >> i think that is discounted. we have known about that since december. and you know, i think most of the countries should be double d anyway. so i don't think that's going to have much of an impact. i think the stock market today needed a little bit of an arrest. it's been rallying sin

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. >> tom: here's what we're watching for next week: our friday market monitor guest is elaine garzarelli of garzarelli capital. on the economic calendar: wholesale trade, and the federal reserve's beige book survey of regional economies. tuesday, it's the new hampshire presidential primary. and monday, we're in detroit with the latest from auto industry at the north american international auto show. >> susie: no longer "tea for two" between coca cola and nestea, at least in the united states. the two companies said today they are winding down their ready-to-drink tea business by the end of 2012, terminating a ten-year partnership. but they will continue to work together in the european and canadian markets. beverage digest reports that u.s. sales of coke's nestea are well below rival pepsi, which sells lipton brand tea. >> tom: another international firm is taking a big stake in american shale energy. japan's marubeni corporation is the buyer, paying $1.3 billion for a stake in a texas-based shale oil project from hunt oil. the deal makes marubeni japan's biggest holder of shale oil rese

elaine garzarelli joins us with exchange-traded funds she thinks will beat the market this year. some good news about home foreclosures last year: they were down. but not necessarily because the housing market improved. according to realty trac, 1.9 million homes entered foreclosure in 2011. that was down 34% from the previous year. but as real estate experts point out, many foreclosures were simply delayed because of paperwork problems. >> what we saw were artificially low numbers because of regulatory issues, because of procedural and process delays. unfortunately, not because of an improvement in underlying market conditions. so while the year-over-year numbers are down 30%, it doesn't mean that the number of foreclosures is getting better. it just means foreclosures have been delayed. >> tom: meantime, for home buyers, money to buy a home as never been this cheap. if you can qualify, the average rate on the 30-year fixed mortgage fell to 3.89% in the past week. money can be complicated. just tonight, we've reported on european interest rates, private equity firms and the prac