wayne kaufman of john thomas financial. thanks a lot >> susie: the fiscal cliff isn't the only drama playing out for the u.s. economy: there's also the "container cliff". 14 ports along the u.s. east and gulf coasts are at risk of closing if longshoremen and the international maritime alliance cannot reach a deal by saturday. federal mediators have been called in to help with last minute negotiations. at the heart of the dispute: container royalties. those fees charged to shippers were implemented in the 1960s to help dock workers displaced by technology. the maritime alliance wants the royalties capped. earlier this month a port strike in southern california, cost an estimated $1 billion a day. netflix is blaming problems at its web service provider, amazon for a server outage that took down its streaming video service on christmas eve and into christmas day. netflix says it worked through the night with engineers at amazon to get the service back up and running. netflix shares rebounded today, rising almost 2%, while amaz

he's wayne kaufman, chief market analyst at john thomas financial. >> so, wayne, give us your bullish case. make the case for us for why you see the dow and the sep up by as much as 12% in 2013. >> well, i do think there's a very good chance that the major index is the s&p and the dow make new all-time highs, sometime in 2013. you have been going over the housing market doing much better but the entire construction industry, the whole building sector is also doing a lot better. there's something called "the architect's work on the boards index" and that shows the architects making at all-time highs. automobile is better, payrolls are better, the jobless claims are improving and, based on that, the consumers' ability to pay their debts is at the best levels that it has been at since the 1980's and that's very important, with the consumer being 70 percent of the economy. gdp for third quarter was 3-point 1% which was a big increase over second quarter. in addition to this you have a synchronized global program of asset buying by central banks around the world. you have the fed and you k