1. US Earnings 23% companies reported off 3.7% essentially on consensus plan
2. Housing well off the bottom, up across the board: Housing Starts, Existing Home Sales, Prices continue to rise. Housing healing
3. Housing 40% GDP begun to contribute meaningfully to GDP going forward
4. Consumer Confidence rising
5. US slowly improving is the place to be investing; China eroding but begun stimulating; Europe austerity hurts them next year
source: Kudlow Report CNBC, tonight