PRE MARKETS

In the News:

Crude oil again knocking on the $100 door at $99+ while OPEC again threatens to increase production. Why would they not sell all they can at these prices?

Cramer's picks for 2008:

MO HAL AMZN RIMM AAPL GOOG NYX BMRN LVLT AUY and SVNT;

WSJ with an article on China claiming their stock market is facing hurdles including slowing earnings growth, high valuation and weak recent price performance. The Journal "claims" this is "eerily reminiscent of tech stocks at the start of 2000."

Doug Kass with his 20 surprises for 2008. He claims that half his surprises came through in 2007 but I beg to differ, maybe Dougie feels that if he is close it counts like if he picks the Yankees to win the World Series and the Red Sox win its a correct call because they both are in the American League east- Just wondering.