No, seriously. You should believe our congressional leaders when they say they're hard at work on a payroll tax cut deal even though Congress has gone home for the holidays. [LA Times]
See if (BAC) is in our portfolio
Yahoo!(YHOO) is reportedly considering a sale of its Asian assets for $12 billion. But the stake is worthless if it can't actually sell it. [WSJ] In a thin trading session, financial stocks lead European bourses higher a day after banks were given free money by the ECB. Go figure. [Reuters] Stop me if you've heard this one before: Fitch Ratings warns that the U.S. could lose its triple-A rating if the federal deficit isn't slashed. [Guardian] So now that it has settled its Countrywide problem for $335 million, Bank of America(BAC) is in the clear, right? [NYT] Quote of the Day "I'm for income inequality. I think some people should make more than other people, because some people work harder and have better ideas and take more risk, and they should be rewarded for it. I have no problem with income inequality," GOP presidential hopeful Rick Santorum said of the fight against the Top 1%. [Commentary] Company News Toyota(TM) loses the top spot to General Motors(GM) after a year of disasters but swears it'll regain the crown in 2012. [Reuters] Advanced Micro Devices(AMD) unveils the fastest graphics chip on the market. Geeks like me are salivating. [All Things D] Micron(MU) shares get crushed on a quarterly loss. [WSJ] Markets Brazil's central bank cuts its GDP expectations for this year to 3% from 3.5%, although the inflation outlook is improving. [Nasdaq] Your chart of the day: The ECB balance sheet. Oof. [Credit Writedowns] Let's have some fun with unexpected market events predictions for 2012. [Stock Sage] Investment Strategy Why the golden cross on the Dow Jones Industrial Average may not be the bullish sign technical analysts think it is. [MarketBeat] A group of financial media personalities offer you stock picks for 2012. [Investor Place] Perhaps we should subtract the hedge from hedge funds after their performance in 2011. [Pragmatic Capitalism] Odds and Ends Microsoft(MSFT) says it decided against giving the keynote speech at the next Consumer Electronics Show in January. Others claim the tech giant was unceremoniously booted from the spot. [Slash Gear] How the GOP is helping Obama look like a tax-cutting champion in an election year. [WSJ] There is no better holiday song than this amazing Twisted Sister song. Seriously. [YouTube] .>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.>To submit a news tip, send an email to: tips@thestreet.com.
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