BOUNCING BARRONS

Checking Barrons this week- bullish on:

Joe Rosenberg from LTR bullish on:

MSFT JNJ CMCSA TGT ALL FNM - and I am bullish on LTR;

AIG- talk on Barrons that the recent write off's will be added back to income over time and the recent sell off is way over done. The stock is at a 10 year low and I suspect folks buying now will be well rewarded in the 24/36 month time frame.

Various folks including Warren Buffet, Bob Millen of Jensen Invetment Mgt and Lori "We are in a perfect storm for large-cap growth. A trend that meets at the intersection of undervaluation, globalization and quality." That means that patient, selective bargain-hunters ultimately will do well. Becker even expects a bounce in the financials, if the fed-funds rate slips below 3%.Appelbaum of GS bullish on WFC as it is 22% off the 52 week high, a PE of 10 on 2009 earnings, ROE of 17.1% and a dividend of 4.2% makes it look pretty pretty good.

Dan Becker of Waddell & Reed is bullish on CME CL LVS MON and GILD. Becker also says:

"We are in a perfect storm for large-cap growth. A trend that meets at the intersection of undervaluation, globalization and quality."

And some news on the mortgage front from our good friends at CFC:

Delinquencies rose to 7.47% of unpaid principal balances from 4.32% a year earlier and 7.2% in December. The month-to-month increase is much less than that made from November to December.

On loans it services, the foreclosure rate edged up to 1.48% last month from 1.44% in December.

In January 2007 the rate was 0.77%.

Countrywide funded $21.89 billion in loans in January, compared with $23.55 billion in December and $37.11 billion a year earlier. That included no nonprime fundings and a 76% plunge in home-equity loans and lines of credit.

Average daily applications fell 6.4% year-over-year to $2.62 billion.

As the eloquent Dennis Kneale over at CNBC would say, over 92% of CFC's customers are still paying on time and 98.5% of their loans are NOT in foreclosure so things aren't as bad as blah blah blah.