finance senior columnist mike santoli. arkets are nearly four years old. in 2013 what's your outlook for the market stability and the broader economy? >> i think the market is finally realizing that it's kind of emerged from this long-term kind of uncertainty trade out there. the big picture questions are whether the central banks can kind of stabilize the system, whether, for example, china last year was going to go into a recession, whether europe can kind of keep it together through recession. i think we've gotten past -- through most of those things and i think it's slow and steady. the u.s. economic growth picture is probably the best bet, but i think it's going to feel better to the average person because of the component to that growth, meaning housing, autos, and finally jobs. looking like they're going into a decent upspring. i think it's slow and steady but feeling better than the past couple of years. >> it definitely does feel better. ezra, uncertainty seems to have been the theme this year. businesses don't lik

the yahoo finance's mike santoli. let's trade.ere thinking we were going to get this great rotation. >> and my belief is that you need something fundamentally to act as a catalyst on the other side of whatever the resolution may be. now there is some evidence that the economy is getting better but i still think it is a bond friendly world and to mike's point the first place you look is the corporate bond. this is a record year in terms of debt issuance. demand is incredibly strong. look at lqd, hyg, those are etfs you could own. >> coming up on halftime as traders make their short-term cliff bets, what should long-term investors do? black rock's michael frederick's $15 billion under management. he is going to share his game plan with you. what is next for research in motion as the stock drops about 16%? it's a brother versus brother showdown. ponytail versus ponytail. the brothers are getting ready. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actua

mike santoly, thanks for joining us. we're going to talk about apple much more as the program progresses. certainly, again, the stock opens at least to our show the lows of the day. let's do a market flash now, go to the desk there to see what else is moving. courtney reagan, what else is moving. >> i found a tech name. i think you're going to find this interesting, scott. take a look at shares of cisco. speaking in new york to the analysts to their forward-looking discussion saying the company has gone too long without a major acquisition and sees the tech giant being more active. chambers saying in five years they plan to double. stocks moving slower, perhaps not impressed rkt at least not yet. >> courtney, thanks. so chambers' trigger finger is getting itchy, right? he wants do something. >> he wants do something. that's telegraphed through what we heard here. ratcheting down toward six. that's -- he needs to buy that growth and it's not going be through scientific atlanta. >> all right. coming up on halftime, mcdonal

. >> that's a mike santoli. >> i've got to disagree. we had mike on the show last week. i get his point. i understand what joe is saying too. i don't think based on fund flows, based on participation. based on net long positions in the asset management, i don't think any of this is pricing in an actual deal yet. and i got to tell you, i can't picture a sell the news reaction if this happens before the end of the year. i think it's got to be positive. >> and i'm wrong, josh is right if we get fund floes out of fixed income. >> buy the news. >> all right make that the last word on that segment. appaloosa's david tepper now famous for his qe-2 rally call is making another market prediction. we have it. and later will the retail investor make a comeback in 2013? vanguard chairman and ceo bill mcnabb tells us exclusively what he's predicting for the new year. our big debate is coming up, as well. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... eval

we have mike santoli of yahoo!king about bank of america, certainly a battleground stock. so big show tonight. >> one thing weapon haven't addressed, you're going to have oracle to deal with after the bell. >> yes. >> it is a bit of a big earning week, at least a few high-profile names will begin tonight. we look for clarity on i.t. spending, on market share, on cloud. >> absolutely. of course, we'll see if there are any other developments on the cliff because we were talking about the markets and the sectors that are most hit by a potential sector continue with the highs. just a few points away from an all-time high. we'll have hospital stocks. it's a market that seems to not really care where the headlines take us and they are sort of marching higher. >> your reaction to the stuff out of d.c.? >> i think so. listen, when you call people at this point, especially this time of year where the news flow is starting to ebb a bit, it's all about what is going on. there's a reason we're so focused on it. it's what inves