we learn from news reports it's on the verge of selling itself to spx. spx is doing what a company has to do to grow in this business right now, make an acquisition. especially in the oil patch. it's a match made in heaven and it isn't being impeded by washington. if you bought it this summer instead of selling it, 25 points. not bad, right? or how about the reward yesterday with merkel buying atat alterra. it's a consolidation allowing merkel to grow. no one laughed when david did that chancellor merkel thing and no one laughed given. thank you. these deals have several things in common. first the acquiring companies aren't waiting for washington to rise above anymore. they're moving their stock and cash and putting it to work. the u.s. economy is simply much stronger than we thought just a few quarters ago. second, these deals show that there are ceos who are willing to give up or share their empires in order to make money for their shareholders. oh, cramer, these people are so rich. i know they're not sacrificing financially. that's not the point. the

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stocks paying special dividends have been outperforming the spx in the time period since this started happening. in some ways in the convoluted way it's been a positive for the market. >> oracle is down, though o this news. >> oracle is down right now. gordon, you make a really good point. that's where the performance has been, the conditions paying these special dividends. when i see an announcement like this, you as an investor, would you buy these companies paying special dif depends to make sure the tax rate is a low rate versus what we may see in 2013? >> certainly it might be an opportunity short term, over a short horizon. i'm not sure i want to lend to those companies. i'm the bond cio, so i'm not sure i want to lend costco, as an example, a bond issue, a very low rate so they can pay their shareholders. but i understand the dynamics of it. i understand the politics and economics of it. it makes complete sense for them. makes it a tougher hurdle for me as a bond investor to think about lending them money when proceeds are used as a dividend effectively. >> fair enough. thank y

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it's up for sale and this stock popped right in the middle of the day on stories that either spx haso have a big bid or a lot of private equity interest. it's interesting, this stock, a couple of times has had a leak during the middle of the day. we're long. >> pop here for wynn resorts. >> i bought it for the fundamentals on the name and i got the kicker of the special dividend. i'm still holding the name. got a boost today because rumors of maybe an online gambling bill being thrown in with this fiscal cliff issues, so, that got the whole space running. >> pop here for rim, up 5%. dan? >> this is another one of these high short interest names. the stock is up 100%. earnings are next week. investors feel like they got a little too negative. i'd be cautious above $13. if you think there's a takeover opportunity, it gets less interesting in the teens. >> pop for joy global. mike? >> beat earnings by a couple of scents today. forecast for next years sales, actually a little bit lower than what the street was looking for. the reason they saw some strength in the shares were the comments

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the spx offer is assumed likely to be made of cash and stock at this point. >> okay. and amr's ceo says they want a quick resolution on whether to merge with us airways or file for chamter 11 on its own. now the labor contract has been ratified by all the american airlines unions. at least that's what it's saying now and a big discussion about whether it should have done these deal long ago during the turn use lens over the problems that they've had in the past couple of months. >>> a few stocks to watch here, urban outfitters getting a pop in after hours trading. the retailer said sales are doing well in the current quarter. big move up. >> you see, this kills me that we can't figure this out. you can see that it's not -- i guess we haven't figured it out yet. it's not up at 37, it's not up at 39.5. >> it's a flaw. >> shares of limited brands also rising late yesterday. and a specialty retailer announcing its board has approved a special dividend of $3 a share to be paid ahead of possible changes in tax rates. we'll fix this, we will. and then there's -- i could igno