Innovative Ways the Autism Community Uses iPads

The iPad has proven to be an especially useful communication tool for young people with autism. It provides a way to express themselves through words and images; it can be used to teach them about everyday scenarios and give them more independence. It’s also far less bulky than some communication devices of the past.

Autism Spectrum Disorders are developmental disabilities that affect about one in every 88 children, and one in 54 boys.

[More from Mashable: 10 Essential Tools for the Lean Web Developer]

Jonathan Izak‘s 12-year-old autistic brother inspired him to develop the AutisMate app for iPad. His brother, Oriel, is mostly nonverbal and used to struggle to communicate, sometimes throwing tantrums when he was unable to get his point across, Izak tells Mashable.

At 7 years old, Oriel had to wear a heavy communication device around his neck, which further set him apart from other children at school. Now, Oriel carries an iPad and uses the app his brother developed to communicate and learn new behaviors like how to act in specific social situations.

[More from Mashable: Tablet Shipments Hit Record Levels While Apple’s Market Share Declines]

With AutisMate, parents or caretakers take and upload photos of their child’s bedroom, the kitchen, his or her school to the app. When the app launches, the iPad’s GPS will know where the user is and allows them to tap pictures of their surrounding environment. The child can tap the refrigerator, for instance, to express that he or she is hungry.

Izak says these visual tools for communication don’t become a permanent crutch but rather promote speech and communication.

It’s not uncommon for children with autism to be nonverbal and need the iPad to communicate. AutismSpeaks.org says it’s estimated that 25% of people with autism are completely nonverbal.

Izak explains that, for someone with autism, the unknowns in life can be scary, so to prepare that person for the world, apps like AutisMate show scenes of how to do everyday things like go to a restaurant or the doctor’s office.

Parents, caretakers and doctors know early intervention with autism is a key factor to increasing their child’s likelihood of communicating, which is probably why most autism apps focus on children. iPad apps to help children with autism develop their communication skills are part of a rapidly growing market and have proved to be effective tools. Check out some of the apps we found and others recommended to us. Let us know if you know of any other useful apps for people with autism.

Click here to view the gallery: Autism Apps

Photo courtesy of iStockphoto, UrsaHoogle

This story originally published on Mashable here.

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Bradley Cooper: Awards Season 'Just Gets Crazier'

By Mary Green

02/03/2013 at 12:50 PM EST

The key to surviving awards season? Being able to steal a moment of sleep anywhere and a good sense of humor.

In the past two weeks, Bradley Cooper, the Oscar-nominated star of Silver Linings Playbook, has flown from L.A. to Madrid to Paris to Rome to Manchester to Tokyo, L.A. again, New York, Washington D.C., New York and then finally L.A. (third time's the charm).

But on the road, Cooper tells PEOPLE his most poignant stop this week was Thursday's talk with military veterans at Walter Reed Army Medical Center. It was the first time he has visited the hospital, but has traveled to deployed soldiers three times with the USO. "A lot of vets have reached out saying they can really identify with Pat Solitano (his Silver Linings character). So we screened the movie last night – we thought 50 people would attend, and there were 200! We spent three hours there talking with them."

"We made this movie knowing it was personal for [director] David [O. Russell], but it's also become personal for so many people who have watched the movie."

While he was in the air, the rumor mill kicked into high gear. Cooper quips, "It's been quite a week. Apparently I'm shirtless while Soul Cycling and then high-flying after being heart-broken by a model who I send pictures of my feet, or she sends pictures of her feet to me. It's just unbelievable."

Cooper is referring to two separate reports, one that he ripped off his shirt after a SoulCycle class in Manhattan, causing a frenzy among cyclers. At the same time, word spread that he was allegedly dumped by model Laura Simpson because he was obsessed with her feet.

The truth? "The two things that are true about that are: I love Soul Cycle. But I would smack a guy if he took his shirt off at the end and then ran around saying, 'get after it.'"

And then the girl he did not date: "She is a friend of Jen's (Lawrence, costar and fellow Oscar nominee) and we'd done the app Draw Something. We did a couple of Draw Somethings, a half a year ago, that's it."

So, did they draw any feet? He laughs, responding, "We'll, only if BIGFOOT was a clue."

With three more weeks until the Oscars, Cooper is just focused on enjoying the ride, adding, "It just gets crazier and crazier."

Cooper (right) visits with James Pierce (center) and Mike Harrell at Walter Reed

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New rules aim to get rid of junk foods in schools

WASHINGTON (AP) — Most candy, high-calorie drinks and greasy meals could soon be on a food blacklist in the nation's schools.

For the first time, the government is proposing broad new standards to make sure all foods sold in schools are more healthful.

Under the new rules the Agriculture Department proposed Friday, foods like fatty chips, snack cakes, nachos and mozzarella sticks would be taken out of lunch lines and vending machines. In their place would be foods like baked chips, trail mix, diet sodas, lower-calorie sports drinks and low-fat hamburgers.

The rules, required under a child nutrition law passed by Congress in 2010, are part of the government's effort to combat childhood obesity. While many schools already have improved their lunch menus and vending machine choices, others still are selling high-fat, high-calorie foods.

Under the proposal, the Agriculture Department would set fat, calorie, sugar and sodium limits on almost all foods sold in schools. Current standards already regulate the nutritional content of school breakfasts and lunches that are subsidized by the federal government, but most lunchrooms also have "a la carte" lines that sell other foods. Food sold through vending machines and in other ways outside the lunchroom has never before been federally regulated.

"Parents and teachers work hard to instill healthy eating habits in our kids, and these efforts should be supported when kids walk through the schoolhouse door," Agriculture Secretary Tom Vilsack said.

Most snacks sold in school would have to have less than 200 calories. Elementary and middle schools could sell only water, low-fat milk or 100 percent fruit or vegetable juice. High schools could sell some sports drinks, diet sodas and iced teas, but the calories would be limited. Drinks would be limited to 12-ounce portions in middle schools and to 8-ounce portions in elementary schools.

The standards will cover vending machines, the "a la carte" lunch lines, snack bars and any other foods regularly sold around school. They would not apply to in-school fundraisers or bake sales, though states have the power to regulate them. The new guidelines also would not apply to after-school concessions at school games or theater events, goodies brought from home for classroom celebrations, or anything students bring for their own personal consumption.

The new rules are the latest in a long list of changes designed to make foods served in schools more healthful and accessible. Nutritional guidelines for the subsidized lunches were revised last year and put in place last fall. The 2010 child nutrition law also provided more money for schools to serve free and reduced-cost lunches and required more meals to be served to hungry kids.

Sen. Tom Harkin, D-Iowa, has been working for two decades to take junk foods out of schools. He calls the availability of unhealthful foods around campus a "loophole" that undermines the taxpayer money that helps pay for the healthier subsidized lunches.

"USDA's proposed nutrition standards are a critical step in closing that loophole and in ensuring that our schools are places that nurture not just the minds of American children but their bodies as well," Harkin said.

Last year's rules faced criticism from some conservatives, including some Republicans in Congress, who said the government shouldn't be telling kids what to eat. Mindful of that backlash, the Agriculture Department exempted in-school fundraisers from federal regulation and proposed different options for some parts of the rule, including the calorie limits for drinks in high schools, which would be limited to either 60 calories or 75 calories in a 12-ounce portion.

The department also has shown a willingness to work with schools to resolve complaints that some new requirements are hard to meet. Last year, for example, the government relaxed some limits on meats and grains in subsidized lunches after school nutritionists said they weren't working.

Schools, the food industry, interest groups and other critics or supporters of the new proposal will have 60 days to comment and suggest changes. A final rule could be in place as soon as the 2014 school year.

Margo Wootan, a nutrition lobbyist for the Center for Science in the Public Interest, said surveys by her organization show that most parents want changes in the lunchroom.

"Parents aren't going to have to worry that kids are using their lunch money to buy candy bars and a Gatorade instead of a healthy school lunch," she said.

The food industry has been onboard with many of the changes, and several companies worked with Congress on the child nutrition law two years ago. Major beverage companies have already agreed to take the most caloric sodas out of schools. But those same companies, including Coca-Cola and PepsiCo, also sell many of the non-soda options, like sports drinks, and have lobbied to keep them in vending machines.

A spokeswoman for the American Beverage Association, which represents the soda companies, says they already have greatly reduced the number of calories that kids are consuming at school by pulling out the high-calorie sodas.

___

Follow Mary Clare Jalonick on Twitter at http://twitter.com/mcjalonick

Read More..

"Great Rotation"- A Wall Street fairy tale?

NEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights.

That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January.

Late-stage bull markets are typically marked by an influx of small investors coming late to the party - such as when your waiter starts giving you stock tips. For that to happen you need a good story. The "great rotation," with its monumental tone, is the perfect narrative to make you feel like you're missing out.

Even if something approaching a "great rotation" has begun, it is not necessarily bullish for markets. Those who think they are coming early to the party may actually be arriving late.

Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper. But that pales in comparison with the $410 billion yanked from those funds since the start of 2008.

"I'm not sure you want to take a couple of weeks and extrapolate it into whatever trend you want," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We have had instances where equity flows have picked up in the last two, three, four years when markets have picked up. They've generally not been signals of a continuation of that trend."

The S&P 500 rose 5 percent in January, its best month since October 2011 and its best January since 1997, driving speculation that retail investors were flooding back into the stock market.

Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. The Standard & Poor's 500 Index <.spx> ended the week about 4 percent from an all-time high touched in October 2007.

Next week will bring results from insurers Allstate and The Hartford , as well as from Walt Disney , Coca-Cola Enterprises and Visa .

But a comparison of flows in January, a seasonal strong month for the stock market, shows that this January, while strong, is not that unusual. In January 2011 investors moved $23.9 billion into stock funds and $28.6 billion in 2006, but neither foreshadowed massive inflows the rest of that year. Furthermore, in 2006 the market gained more than 13 percent while in 2011 it was flat.

Strong inflows in January can happen for a number of reasons. There were a lot of special dividends issued in December that need reinvesting, and some of the funds raised in December tax-selling also find their way back into the market.

During the height of the tech bubble in 2000, when retail investors were really embracing stocks, a staggering $42.7 billion flowed into equities in January of that year, double the amount that flowed in this January. That didn't end well, as stocks peaked in March of that year before dropping over the next two-plus years.

MOM AND POP STILL WARY

Arguing against a 'great rotation' is not necessarily a bearish argument against stocks. The stock market has done well since the crisis. Despite the huge outflows, the S&P 500 has risen more than 120 percent since March 2009 on a slowly improving economy and corporate earnings.

This earnings season, a majority of S&P 500 companies are beating earnings forecast. That's also the case for revenue, which is a departure from the previous two reporting periods where less than 50 percent of companies beat revenue expectations, according to Thomson Reuters data.

Meanwhile, those on the front lines say mom and pop investors are still wary of equities after the financial crisis.

"A lot of people I talk to are very reluctant to make an emotional commitment to the stock market and regardless of income activity in January, I think that's still the case," said David Joy, chief market strategist at Columbia Management Advisors in Boston, where he helps oversee $571 billion.

Joy, speaking from a conference in Phoenix, says most of the people asking him about the "great rotation" are fund management industry insiders who are interested in the extra business a flood of stock investors would bring.

He also pointed out that flows into bond funds were positive in the month of January, hardly an indication of a rotation.

Citi's Levkovich also argues that bond investors are unlikely to give up a 30-year rally in bonds so quickly. He said stocks only began to see consistent outflows 26 months after the tech bubble burst in March 2000. By that reading it could be another year before a serious rotation begins.

On top of that, substantial flows continue to make their way into bonds, even if it isn't low-yielding government debt. January 2013 was the second best January on record for the issuance of U.S. high-grade debt, with $111.725 billion issued during the month, according to International Finance Review.

Bill Gross, who runs the $285 billion Pimco Total Return Fund, the world's largest bond fund, commented on Twitter on Thursday that "January flows at Pimco show few signs of bond/stock rotation," adding that cash and money markets may be the source of inflows into stocks.

Indeed, the evidence suggests some of the money that went into stock funds in January came from money markets after a period in December when investors, worried about the budget uncertainty in Washington, started parking money in late 2012.

Data from iMoneyNet shows investors placed $123 billion in money market funds in the last two months of the year. In two weeks in January investors withdrew $31.45 billion of that, the most since March 2012. But later in the month money actually started flowing back.

(Additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)

Read More..

Turkish leftist group claims U.S. embassy bombing: website

ISTANBUL (Reuters) - A Turkish leftist group claimed responsibility on Saturday for a suicide bomb attack on the U.S. embassy and accused Washington of using Turkey as its "slave", according to a statement posted on the internet.

The Revolutionary People's Liberation Army-Front (DHKP-C) said it carried out Friday's attack, in which a suicide bomber detonated explosives strapped to his body at the embassy in Ankara, killing himself and a Turkish security guard.

In a statement on "The People's Cry" website, the DHKP-C, which is listed as terrorist organization by the United States and Turkey, warned Turkish Prime Minister Tayyip Erdogan he too was a target.

"Murderer America! You will not run away from people's rage," the statement said, next to a picture of the bomber, named as Alisan Sanli, wearing a black beret and military-style clothes and with an explosives belt around his waist.

Erdogan, who said hours after the attack that the DHKP-C were responsible, met with his interior and foreign ministers as well as the head of the army and state security service in Istanbul on Saturday to discuss the bombing.

Interior Minister Muammer Guler said the attacker had served time in jail on domestic terrorism charges in Turkey in the past, re-entered the country using false documents and was wanted by the authorities.

"(The bomber) was demanding to pass through the guest and staff gate of the U.S. embassy using a fake ID when he detonated the explosives," the provincial governor's office in Ankara said in a statement.

It said he had also detonated a hand grenade.

The White House condemned the bombing as an "act of terror", while the U.N. Security Council described it as a heinous act.

U.S. officials said the DHKP-C were the main suspects in Friday's bombing but did not exclude other possibilities.

Islamist radicals, extreme left-wing groups, ultra-nationalists and Kurdish militants have all carried out attacks in Turkey in the past.

U.S. PATRIOT MISSILES

The DHKP-C, formed in 1978, is virulently anti-American.

It called on Washington to remove Patriot missiles, due to go operational on Monday as part of a NATO defense system, from Turkish soil. The missiles are being deployed alongside systems from Germany and the Netherlands to guard NATO-member Turkey against a spillover of the war in neighboring Syria.

"Our action is for the independence of our country, which has become a new slave of America," the statement said.

Turkey is a key U.S. ally in the Middle East with common interests ranging from energy security to counter-terrorism and has been one of the leading advocates of foreign intervention to end the civil war in Syria.

It was the second attack on a U.S. mission in four months. On September 11, 2012, U.S. Ambassador Christopher Stevens and three American personnel were killed in an Islamist militant attack on the U.S. Consulate in Benghazi, Libya.

The DHKP-C was responsible for the assassination of two U.S. military contractors in the early 1990s in protest against the first Gulf War and launched rockets at the U.S. consulate in Istanbul in 1992, according to the U.S. State Department.

It has been blamed for previous suicide attacks, including one in 2001 that killed two police officers and a tourist in Istanbul's central Taksim Square, and has carried out a series of deadly attacks on police stations in the last six months.

Friday's attack may have come in retaliation for an operation against the DHKP-C last month in which Turkish police detained 85 people. A court subsequently remanded 38 of them in custody over links to the group.

(Writing by Nick Tattersall; Editing by Andrew Roche)

Read More..

Apple TV Is Running Late

So, Apple‘s big plan to talk cable companies into making the iPod of the television industry thus far involves getting Time Warner to let it put HBO Go on its box (if you buy a cable subscription!), something other similar boxes already do. How very unexciting. It’s surprising that Apple TV doesn’t already offer HBO Go, since its biggest competitors Roku and Xbox 360 have had it for over a year. And it’s not like Apple has spent that time coming up with some innovative arrangement that would that would excite the cord-cutter (and cord-never) set. No, per Bloomberg’s   Edmund Lee and Adam Satariano, by mid-2013, Apple TV owners who also subscribe to cable or satellite TV can watch the premium channel through their TVs via Apple’s box. Yes, if you have an Apple TV, you can watch HBO either on it or through your cable box. The choice is yours!

RELATED: Apple Won’t Be Revolutionizing TV Anytime Soon if Cable Has Their Say

HBO Go is a modest improvement over the HBO On Demand offerings because it offers HBO’s entire library of shows, not just a select few. HBO also puts brand new episodes up right after they air, which is nice for people who forget to set or have a too-full DVR. But, cable subscribers already have access to HBO Go—on their computers. The improvement here is that existing subscribers now have another way to get those shows onto their TV screens.

RELATED: HBO Is Finally OK with Cord Cutting (In Scandinavia)

This too-late move to get Time Warner on its box surfaces a larger problem: Apple TV has very few apps so far, as AllThingsD’s Peter Kafka points out. HBO Go will bring its total outside app count up to 10, a ton fewer than Xbox and Roku. And yet, many have talked about Apple TV as the gadget that will change everything. Perhaps techies overlooked the deficit because the company has been in secret talks with cable companies to supposedly revolutionize TV for years. It’s coming, the Apple rumors promised, fending off any doubts that Apple would deliver something great. But, nothing exceptional has arrived yet, certainly nothing that sounds like the Apple TV code Steve Jobs claimed to have cracked shortly before his death. Rather, this sounds like something Apple should have done years ago. Apple, if anything, is playing catch-up. 

RELATED: Apple Might Be Making Apple TV Content Deals

But maybe Apple isn’t the place to look for the future of television. Elsewhere in TV land, something new, different, and possibly revolutionary is happening. Netflix, an entity that does not require a cable subscription, will release its first big-budget TV drama today. Unlike Apple, Netflix is trying to operate outside of the traditional cable-bundle structure in order to create an alternative for people who don’t want to pay into the old system. Instead of playing by HBO’s rules and selling its shows on its strict terms, Netflix wants to be the HBO of streaming TV, by creating premium shows that will draw people to Netflix for a premium price. Also in an attempt to do things differently, Netflix has released all the episodes at once, to appeal to our binge watching sensibilities. The experiment might not work. But at least, unlike Apple, Netflix is trying. 

Gadgets News Headlines – Yahoo! News

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Christina Ricci Is Engaged to James Heerdegen

02/02/2013 at 12:05 PM EST

Christina Ricci

Noel Vasquez/Getty. Inset:Splash News Online

Christina Ricci's happy secret has been confirmed – she's engaged!

The actress, 32, who has been wearing ring finger bling since October, is headed to the altar with James Heerdegen.

Heerdegen, is a camera technician and met Ricci when the two were working on ABC's former TV series Pan-Am. Their relationship was first public last February.

Ricci most recently stepped out (and showed off her ring!) Friday to join luxury beauty brand, Make Up For Ever, in Los Angeles to introduce a limited edition bag she helped to design.

– Julie Jordan

Read More..

New rules aim to get rid of junk foods in schools

WASHINGTON (AP) — Most candy, high-calorie drinks and greasy meals could soon be on a food blacklist in the nation's schools.

For the first time, the government is proposing broad new standards to make sure all foods sold in schools are more healthful.

Under the new rules the Agriculture Department proposed Friday, foods like fatty chips, snack cakes, nachos and mozzarella sticks would be taken out of lunch lines and vending machines. In their place would be foods like baked chips, trail mix, diet sodas, lower-calorie sports drinks and low-fat hamburgers.

The rules, required under a child nutrition law passed by Congress in 2010, are part of the government's effort to combat childhood obesity. While many schools already have improved their lunch menus and vending machine choices, others still are selling high-fat, high-calorie foods.

Under the proposal, the Agriculture Department would set fat, calorie, sugar and sodium limits on almost all foods sold in schools. Current standards already regulate the nutritional content of school breakfasts and lunches that are subsidized by the federal government, but most lunchrooms also have "a la carte" lines that sell other foods. Food sold through vending machines and in other ways outside the lunchroom has never before been federally regulated.

"Parents and teachers work hard to instill healthy eating habits in our kids, and these efforts should be supported when kids walk through the schoolhouse door," Agriculture Secretary Tom Vilsack said.

Most snacks sold in school would have to have less than 200 calories. Elementary and middle schools could sell only water, low-fat milk or 100 percent fruit or vegetable juice. High schools could sell some sports drinks, diet sodas and iced teas, but the calories would be limited. Drinks would be limited to 12-ounce portions in middle schools and to 8-ounce portions in elementary schools.

The standards will cover vending machines, the "a la carte" lunch lines, snack bars and any other foods regularly sold around school. They would not apply to in-school fundraisers or bake sales, though states have the power to regulate them. The new guidelines also would not apply to after-school concessions at school games or theater events, goodies brought from home for classroom celebrations, or anything students bring for their own personal consumption.

The new rules are the latest in a long list of changes designed to make foods served in schools more healthful and accessible. Nutritional guidelines for the subsidized lunches were revised last year and put in place last fall. The 2010 child nutrition law also provided more money for schools to serve free and reduced-cost lunches and required more meals to be served to hungry kids.

Sen. Tom Harkin, D-Iowa, has been working for two decades to take junk foods out of schools. He calls the availability of unhealthful foods around campus a "loophole" that undermines the taxpayer money that helps pay for the healthier subsidized lunches.

"USDA's proposed nutrition standards are a critical step in closing that loophole and in ensuring that our schools are places that nurture not just the minds of American children but their bodies as well," Harkin said.

Last year's rules faced criticism from some conservatives, including some Republicans in Congress, who said the government shouldn't be telling kids what to eat. Mindful of that backlash, the Agriculture Department exempted in-school fundraisers from federal regulation and proposed different options for some parts of the rule, including the calorie limits for drinks in high schools, which would be limited to either 60 calories or 75 calories in a 12-ounce portion.

The department also has shown a willingness to work with schools to resolve complaints that some new requirements are hard to meet. Last year, for example, the government relaxed some limits on meats and grains in subsidized lunches after school nutritionists said they weren't working.

Schools, the food industry, interest groups and other critics or supporters of the new proposal will have 60 days to comment and suggest changes. A final rule could be in place as soon as the 2014 school year.

Margo Wootan, a nutrition lobbyist for the Center for Science in the Public Interest, said surveys by her organization show that most parents want changes in the lunchroom.

"Parents aren't going to have to worry that kids are using their lunch money to buy candy bars and a Gatorade instead of a healthy school lunch," she said.

The food industry has been onboard with many of the changes, and several companies worked with Congress on the child nutrition law two years ago. Major beverage companies have already agreed to take the most caloric sodas out of schools. But those same companies, including Coca-Cola and PepsiCo, also sell many of the non-soda options, like sports drinks, and have lobbied to keep them in vending machines.

A spokeswoman for the American Beverage Association, which represents the soda companies, says they already have greatly reduced the number of calories that kids are consuming at school by pulling out the high-calorie sodas.

___

Follow Mary Clare Jalonick on Twitter at http://twitter.com/mcjalonick

Read More..

"Great Rotation"- A Wall Street fairy tale?

NEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights.

That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January.

Late-stage bull markets are typically marked by an influx of small investors coming late to the party - such as when your waiter starts giving you stock tips. For that to happen you need a good story. The "great rotation," with its monumental tone, is the perfect narrative to make you feel like you're missing out.

Even if something approaching a "great rotation" has begun, it is not necessarily bullish for markets. Those who think they are coming early to the party may actually be arriving late.

Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper. But that pales in comparison with the $410 billion yanked from those funds since the start of 2008.

"I'm not sure you want to take a couple of weeks and extrapolate it into whatever trend you want," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We have had instances where equity flows have picked up in the last two, three, four years when markets have picked up. They've generally not been signals of a continuation of that trend."

The S&P 500 rose 5 percent in January, its best month since October 2011 and its best January since 1997, driving speculation that retail investors were flooding back into the stock market.

Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. The Standard & Poor's 500 Index <.spx> ended the week about 4 percent from an all-time high touched in October 2007.

Next week will bring results from insurers Allstate and The Hartford , as well as from Walt Disney , Coca-Cola Enterprises and Visa .

But a comparison of flows in January, a seasonal strong month for the stock market, shows that this January, while strong, is not that unusual. In January 2011 investors moved $23.9 billion into stock funds and $28.6 billion in 2006, but neither foreshadowed massive inflows the rest of that year. Furthermore, in 2006 the market gained more than 13 percent while in 2011 it was flat.

Strong inflows in January can happen for a number of reasons. There were a lot of special dividends issued in December that need reinvesting, and some of the funds raised in December tax-selling also find their way back into the market.

During the height of the tech bubble in 2000, when retail investors were really embracing stocks, a staggering $42.7 billion flowed into equities in January of that year, double the amount that flowed in this January. That didn't end well, as stocks peaked in March of that year before dropping over the next two-plus years.

MOM AND POP STILL WARY

Arguing against a 'great rotation' is not necessarily a bearish argument against stocks. The stock market has done well since the crisis. Despite the huge outflows, the S&P 500 has risen more than 120 percent since March 2009 on a slowly improving economy and corporate earnings.

This earnings season, a majority of S&P 500 companies are beating earnings forecast. That's also the case for revenue, which is a departure from the previous two reporting periods where less than 50 percent of companies beat revenue expectations, according to Thomson Reuters data.

Meanwhile, those on the front lines say mom and pop investors are still wary of equities after the financial crisis.

"A lot of people I talk to are very reluctant to make an emotional commitment to the stock market and regardless of income activity in January, I think that's still the case," said David Joy, chief market strategist at Columbia Management Advisors in Boston, where he helps oversee $571 billion.

Joy, speaking from a conference in Phoenix, says most of the people asking him about the "great rotation" are fund management industry insiders who are interested in the extra business a flood of stock investors would bring.

He also pointed out that flows into bond funds were positive in the month of January, hardly an indication of a rotation.

Citi's Levkovich also argues that bond investors are unlikely to give up a 30-year rally in bonds so quickly. He said stocks only began to see consistent outflows 26 months after the tech bubble burst in March 2000. By that reading it could be another year before a serious rotation begins.

On top of that, substantial flows continue to make their way into bonds, even if it isn't low-yielding government debt. January 2013 was the second best January on record for the issuance of U.S. high-grade debt, with $111.725 billion issued during the month, according to International Finance Review.

Bill Gross, who runs the $285 billion Pimco Total Return Fund, the world's largest bond fund, commented on Twitter on Thursday that "January flows at Pimco show few signs of bond/stock rotation," adding that cash and money markets may be the source of inflows into stocks.

Indeed, the evidence suggests some of the money that went into stock funds in January came from money markets after a period in December when investors, worried about the budget uncertainty in Washington, started parking money in late 2012.

Data from iMoneyNet shows investors placed $123 billion in money market funds in the last two months of the year. In two weeks in January investors withdrew $31.45 billion of that, the most since March 2012. But later in the month money actually started flowing back.

(Additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)

Read More..

Suicide bomber kills guard at U.S. embassy in Turkey

ANKARA (Reuters) - A far-leftist suicide bomber killed a Turkish security guard at the U.S. embassy in Ankara on Friday, officials said, blowing open an entrance and sending debris flying through the air.

The attacker detonated explosives strapped to his body after entering an embassy gatehouse. The blast could be heard a mile away. A lower leg and other human remains lay on the street.

Interior Minister Muammer Guler said the bomber was a member of an illegal far-left group. The White House said the suicide attack was an "act of terror", but the motivation was unclear.

Islamist radicals, extreme left-wing groups, ultra-nationalists and Kurdish militants have all carried out attacks in Turkey in the past. There was no claim of responsibility.

"The suicide bomber was ripped apart and one or two citizens from the special security team passed away," said Prime Minister Tayyip Erdogan, who was attending a ceremony in Istanbul when the blast happened.

"This event shows that we need to fight together everywhere in the world against these terrorist elements," he said.

Turkish media reports identified the bomber as Ecevit Sanli, a member of the Revolutionary People's Liberation Party-Front (DHKP-C) leftist group, who was involved in attacks on a police station and a military staff college in Istanbul in 1997.

The DHKP-C opposes what it sees as U.S. influence over Turkish foreign policy.

Turkey is a key U.S. ally in the Middle East with common interests ranging from energy security to counter-terrorism and has been one of the leading advocates of foreign intervention to end the conflict in neighboring Syria.

Around 400 U.S. soldiers have arrived in Turkey over the past few weeks to operate Patriot anti-missile batteries meant to defend against any spillover of Syria's civil war, part of a NATO deployment due to be fully operational in the coming days.

"HUGE EXPLOSION"

U.S. Ambassador Francis Ricciardone emerged through the main gate of the embassy, which is surrounded by high walls, shortly after the explosion to address reporters, flanked by a security detail as a Turkish police helicopter hovered overhead.

"We're very sad of course that we lost one of our Turkish guards at the gate," Ricciardone said, describing the victim as a "hero" and thanking Turkish authorities for a prompt response.

A U.S. national security source said U.S. officials believed the incident was a suicide bombing but said security measures had worked properly, in that the attacker was not able to get past the outer perimeter of the compound and neither the embassy buildings were damaged, nor were U.S. personnel injured.

It was the second attack on a U.S. mission in four months. On September 11, 2012, U.S. Ambassador Christopher Stevens and three American personnel were killed in an attack on the U.S. Consulate in Benghazi, Libya.

The attack in Benghazi, blamed on al Qaeda-affiliated militants, sparked a political furore in Washington over accusations that U.S. missions were not adequately safeguarded.

A well-known Turkish journalist, Didem Tuncay, who was on her way in to the embassy to meet Ricciardone when the attack took place, was in a critical condition in hospital.

"It was a huge explosion. I was sitting in my shop when it happened. I saw what looked like a body part on the ground," said travel agent Kamiyar Barnos, whose shop window was shattered around 100 meters away from the blast.

OPPOSED TO U.S. INFLUENCE

The DHKP-C, deemed a terrorist organization by both the United States and Turkey, has been blamed for suicide attacks in the past, including one in 2001 that killed two police officers and a tourist in Istanbul's central Taksim Square.

Guler said the bomber could have been from the DHKP-C which has carried out a series of deadly attacks on police stations in the last six months, or a similar group.

The attack may have come in retaliation for an operation against the DHKP-C last month in which Turkish police detained 85 people. A court subsequently remanded 38 of them in custody over links to the group.

The U.S. consulate in Istanbul warned its citizens to be vigilant and to avoid large gatherings, while the British mission in Istanbul called on British businesses to tighten security after what it called a "suspected terrorist attack".

In 2008, Turkish gunmen with suspected links to al Qaeda, opened fire on the U.S. consulate in Istanbul, killing three Turkish policemen. The gunmen died in the subsequent firefight.

The most serious bombings in Turkey occurred in November 2003, when car bombs shattered two synagogues, killing 30 people and wounding 146. Part of the HSBC Bank headquarters was destroyed and the British consulate was damaged in two more explosions that killed 32 people less than a week later. Authorities said those attacks bore the hallmarks of al Qaeda.

(Additional reporting by Daren Butler and Ayla Jean Yackley in Istanbul, Mark Hosenball in Washington; Writing by Nick Tattersall; Editing by Jon Hemming)

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