italian yielder slightly higher but pretty contained. ten year treasuries where we were yesterday. let's go to asia. >> following a positive lead from wall street, asian markets wrapped up the trading week in the green. the record $60 billion worth of liquidity into the market this week. shanghai com poise the quaned 2.5% for the week. developers continue to lead the charge as average home prices in china's 100 largest cities up for a fifth straight month in october. blue chips lent support to the hang seng ending at a 15 month high. taiwan markets gained ground, as well, but last week's profit warning for q4. elsewhere the nikkei gained 1.2% to a one week high. sharp tumbled after slashing hair four year outlook. kospi finished higher by over a percent. ship builders and chemical stocks had a strong gained, but steam. back to you. >> and the damage estimate from this week's super storm are rising. the mcis due to the flooding of the subway system and tunnels and loss of business because of power outages across the storm's path. >> new york state will bear a third of the costs, new

at the same time, i suspect we'll get another whackdown in them high-yielders because the 2013 tax code more than doubles it. here i'll climb out with the ice ax from verizon. i want to be there with my ropes, make them so i can secure myself. and get them right back in look. here's the bottom line. i don't us to go over the fiscal -- i don't want -- i'm a 46 in the adirondacks. you can look it up. anyway, i don't want us to go over the fiscal cliff but the losses of the cliffs won't impact until after the jobless markets slides and you need to be ready to scamper from the abyss with this kind of outfit and preferably not in these pants because they don't work well. the cliff is going to close soon after that and you'll be up there with your home depots and your verizons and your at&ts. you should be protected. why not be profitable on the other side of the valley? let's go to robbie in michigan. >> caller: boo-yah go blue. >> man, absolutely. what's going on? >> caller: i got a question about green mountain coffee roaster. >> let me talk herb greenberg off the green mountain cliff, wha

that's lower than they -- >> so you know there are people out there for example selling the high yieldersnd dividend stocks. >> we know is there's a lot of tax realization. those dividend stocks have appreciated a lot in the last couple of years. so you have tax management. >> dan, what would you do right now? are you going to buy or sell here? >> we're certainly on the more negative side of things. with respect to the topic of the dividend payers, you can see since the election the top quintile of dividend payers have done terribly in relation to the rest of the market. the relationship is from the bottom left to the top right. if you don't pay a dividend, you are doing much better than if you do. >> you also have much appreciation in that time frame. i think we're going to see a lot of volatility as we have with any recovery. we tend to be patient. >> joe, do we end higher or lower at the end of the year? >> from where we are today? >> uh-huh. >> wooirng hii think we're high. >> okay. you're on the record. >> but with volatility, as he would say. thank you for joining us today. heading

some of the dividend paying stocks and high yielders got hit pretty hard the last few weeks. we think it's a great opportunity with some great yields. bottom line, get paid to wait until there's more clarity. great yields out there. >> does that change if dividend taxes go much higher as it relates to the fiscal cliff? does the reason to own dividend payers go away? >> i think there will be a repricing of some of that risk, frankly. a lot of it depends on the tone coming out of d.c. there's not going to be a grand bargain this year. i think it's the tone and the message that we'll hear in the next couple weeks. >> meantime michelle, another area you cover carefully, the debt crisis in europe and whether or not greek gets this next trun j. >> headline, greece still needs money. they still haven't gotten it. the hope is they may get it on monday. that could be a potential destabilizing situation, but the bottom line is the only people they really owe the money to right now is the ecb. it's probably going get washed through. it's going to be a lot of drama, but you haven't seen

as much as we like high yielders, it doesn't really work well for limited partnerships. partners. which means you don't pay any taxes on them until you sell the stock. love that but there is this arcane tax rule that has been interpreted very toughly by the irs. if you buy too many of the stocks within a retirement account, you pay the irs taxes that you wouldn't have paid if you bought them in a regular brokerage account. same hit you with real estate investment trusts. reits do tend to have high yields. you got to be careful of the mortgage reetz. what i tell you, that's the group you want, but you have to tax your tax professional about mlps and real estate investment trusts before you choose them otherwise go with the plain utilities and higher yielding telcos. beyond that, use the same metrics. looking for high yields. dividends has to be safe. the company better have enough earnings to cover the payout. we like companies with a consistent record of raising their dividends. that's great for capital gains that are tax-protected. the bottom line, a huge part of long-t

we're looking at the 4% to 5% yielders, companies that have a good track record of increasing those yields. we're sticking more with consumer staples. we're definitely tilted towards that defensive end. but we're going to stay there. as long as growth is slow, that's where we feel we can get the best risk adjusted returns for our clients. >> all right. thanks for joining us. mark, good to see you. rick, have a good weekend. gordon, have a good time at the beacon tonight. we're less than an hour from the trade month. kayla rounds up november's big winners and losers. >> hey, bill. the indices may have danced along the flat line for the entire month, but there were clear winners and losers on either side of the tape. to the downside, several companies falling markedly. exelon down 17%. cliff's natural down 21%. pitney bowes down 22%. the biggest laggard is the born-again retailer jcpenney. down 26.5%. some stocks arguably had a better month. computer sciences up around 25%. trip adviser, spun off of expedia, running 27% in november alone. titanium metals holding down commodities. sharp rise

it says it's right to start buying the recession proofers and the big yielders right here. i don't think this armageddon this time, armageddon 2, i don't think it will be any different. matt in tennessee. matt. >> caller: cramer, hey. wanted to give you a big fiscal cliff boo-yah. >> yeah. let me give you a bungee jump boo-yah. what's up there? >> caller: i'd like to say hi to my 6-month-old son beckett and hope he becomes a great investor someday. >> well, how's he doing there? this is when he should be starting investing because he's got a big time horizon. what's going none. >> caller: i'd also like to play the nhl lockout ends soon. >> me too since that's one the philadelphia teams that could do well. >> caller: a.r.o. i know you're not big on the teen retailers but i was looking at it and it seems chief. what do you think? >> cheap. abercrombie was a combination of a short squeeze because people expected the worst and the possibility of a leveraged buyout which people are always predicting. i've got to stick by my guns. teens -- i'm trying to get the holiday gifts righ

they have seen huge gains for the year and big dividend yielders.entially taxes could go up a lot on these particular stocks. are there any you think will be particularly susceptible to selling into the end of the year? are there ones where historical valuations are stretched and so they might be the focus of more selling than others? >> i guess that's a good point. i would point to a stock that has had a big run based on opportunities for alzheimer's disease and their new product portfolio. that may have a big impact in accelerating earnings past the patent cliff. again, it's hurry up and wait. there's probably not a lot of urgency to hold onto that one. on the other side, i would say a stock like pfizer where the companies are restructuring their portfolio businesses, which i think will drive shareholder value over the next nine months. there's probably less inclination to sell. >> barbara, thank you for your time. good luck with your business. barbara ryan joining us in the wake of obama care becoming a certainty. >> government inventory numbers