Better the Evil We Know...

Bernanke backed by Obama today.

CaseShiller -15.40% v 16.4% survey for 20 city composite. Overall -14.92% v -19.75% survey, pretty big swing.

CHIC: Fast fashion apparel retailer Charlotte Russe going private, stock jumps 27%. Valuations? Other retailers? (if only Forever 21 was public)

AAPL: Steve Jobs working on a tablet according to the WSJ. Snow Leopard ships Friday (may not have much financial impact – priced cheap at $29)

Now “W or V” recovery is the latest meme – “green shoots” is dead. Nice level of skepticism here, which could propel the market further as it climbs the wall of worry.

ADBE: Piper, long-time bull (and correct so far) says checks with half of US license distributors suggest Q3 upside.

GRMN: expects Nuvifone carrier within a month. (still wonder about subsidy, price to subs, which carrier, competition with iPhone)

NFLX: IBD says chart may be basing, but is technically weak.

TRMP: The Donald working hard with Beal Bank to make bondholders shoot craps - $1.25B of second lien bonds would get wiped out under his chap 11 exit plan.

V: JEF initiates with buy. Likes debit business, says $80 target based on 23.5x $3.41. (I love the false precision – but anyway agree with thesis)

GS: regulators will “probe” them over trading tips