• CNN: PIMCO's managing director advises against U.S. equity
• News Max: U.S. economy to continue shrinking per economist
• MW: High probability of market crash exists per Marc Faber
• CNBC: Late retirement a reality for 18.5% over 65 yrs
• BI: Regulators refuse to prosecute early trades despite leaks
• NYT: Poor prospects drop law school apps. to 30-yr low
• Bloomberg: California's S&P rating ↑ for first time since '06
• BEA: Dec. personal incomes rose ↑ 2.6%, spending ↑ .2%
• Morningstar via NASDAQ: Inflation reliably indicates recession
• Fox: Presidential jobs advisory council to cease existing
• ZH: Short selling of Italian oil services firm temporarily banned
• Reuters: Deutsche Bank shares ↑ even with big Q4, '12 loss
• BBC: German retails sales fell .6% in 2012
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