'Stop whining about right-wing media'

Former vice president Al Gore promotes his new book, "The Future" on January 30, 2013 in New York City.

STORY HIGHLIGHTS

• Al Gore says right-wing media help account for resistance to Democrats' policies


• President Barack Obama said media coverage could determine future of bipartisanship


• Howard Kurtz: Fox News, Rush Limbaugh have influence, but White House has bigger voice


• He says conservative media gained support because of belief established media leaned left

Editor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau chief. He is also a contributor to the website Daily Download.

(CNN) -- I never realized that the conservative media were so eye-poppingly powerful.

So mighty, in fact, that liberal politicians can't seem to stop talking about how they are running roughshod over the country.

Howard Kurtz

My response: Can we please stop the whining?

The latest to rant about the right is Al Gore. The former vice president told Charlie Rose that President Barack Obama had been cautious, and when the CBS anchor asked whether there was "a very hostile environment for progressive ideas," Gore had his culprit ready:

"Fox News and right-wing talk radio. In Tennessee there's an old saying if you see a turtle on a fence post you can be pretty sure it didn't get there by itself. And the fact that we have 24/7 propaganda masquerading as news, it does have an impact."

Watch: Why Geraldo Rivera's Senate hopes are an empty vault

OK, Gore doesn't like Fox. So he started what he hoped would be a liberal counterweight in Current TV, spent millions on such stars as Keith Olbermann, and ... the channel flopped. It was such a failure that he just sold it to Al Jazeera for an estimated personal take of $100 million.

Leave aside the obvious contradiction of a climate change crusader selling to a network largely financed by the petrodollar kingdom of Qatar. Whatever you think of Fox, Rupert Murdoch's network has been a financial success and Current TV was anything but. Isn't that the free market at work?

Watch: The media's gushing send-off for Hillary Clinton

Obama often invokes the conservative media, most recently in an interview with The New Republic. Asked about working with Republicans in his second term, the president said: "One of the biggest factors is going to be how the media shapes debates. If a Republican member of Congress is not punished on Fox News or by Rush Limbaugh for working with a Democrat on a bill of common interest, then you'll see more of them doing it."

Now it's true that Fox or Limbaugh can boost or batter any lawmaker, and that they can help drive a controversy into the broader mainstream media. But we're talking here about the president of the United States. He has an army, a navy and a bunch of nuclear weapons, not to mention an ability to command the airwaves at a moment's notice. And he's complaining about a cable channel and a radio talk-show host?

Limbaugh later offered this response: "If Fox News and I are the only thing keeping the Republicans from caving to Barack Obama on every issue, I'm not paid enough."

Watch: Does Sarah Palin have a future after Fox?

I have been through this before. It was on my "Reliable Sources" program, in the fall of 2009, that the White House declared war on Fox News. Anita Dunn, then the White House communications director, called Fox "the communications arm of the Republican Party" and said, "It is not really a news network anymore."

The resulting furor gave Fox months of fodder and was widely judged a tactical misstep that if anything elevated the network's role.

There are times when many Fox programs, including in the nonopinion hours, appear to be on a jihad against the administration. And these days, MSNBC can be counted on to defend the Democrats almost around the clock.

But let's face it: These are cable channels with relatively modest audiences, and their impact is sometimes exaggerated inside the Beltway echo chamber. After all, Obama handily won re-election despite the best efforts of Sean Hannity and Limbaugh.

Watch: New York Times censors company's vulgar name

What liberals sometimes forget is that the conservative media took root because many Americans felt the fourth estate was too left-wing. ABC, NBC, CBS, NPR, The New York Times and The Washington Post all strive for fairness, in my view, but there is little question that they have a social and cultural outlook that leans to the left. Collectively, they have far more weight than Fox, talk radio and The Wall Street Journal editorial page.

Right-wing pundits make a convenient foil, but at times Obama seems to magnify their importance. After all, he's got the biggest bully pulpit of all.

Follow us on Twitter @CNNOpinion.

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The opinions expressed in this commentary are solely those of Howard Kurtz.

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Biggest snow of season hits the morning rush

Commuters got a crash refresher course on driving to work in the winter as the heaviest snow to hit the Chicago area in a year caused cars to spin out, trucks to jackknife and travel times to nearly double.

"They're everywhere," State Police Master Sgt. Jason LoCoco said, tallying up all the accidents on expressways this morning.

State police responded to dozens of accidents on the Kennedy, Dan Ryan and Eisenhower expressways. The most serious appeared to be a jackknifed truck on Interstate 290 at Lake Street that shut down three lanes.

No serious injuries were reported.

Andrew Ulm, 49, said it took him about an hour and a half to travel from Aurora to the Loop for a doctor's appointment this morning.

"They were fair, but it was a crawl," he said of the roads he took between 6:30 a.m. and 8 a.m.

"I left about a half-hour early to try and compensate, to try and get here on time," he added, standing in the lobby of a State Street parking garage.

Trasha Embry, a 44-year-old attorney, adjusted her normal commute to dodge the brunt of this morning's snowfall.

"I drove in later and I drove slower," she said as she was heading out of a Loop parking garage around 9:30 a.m. "I was not expecting it to be bad, but I am intentionally later."

Embry drives into the Loop from around 53rd Street.

She said Lake Shore Drive wasn't a problem, but her neighborhood roads were less plowed than they she thought they would be at that point in the morning. Her travel time was its usual 20 minutes, she said.

By the time the snow tapers off today, accumulation in most parts of the Chicago area will range between 2 and 4 inches, according to the National Weather Service.

As of 6 a.m., 2.6 inches had been recorded at O'Hare International Airport, making this the largest snowstorm to hit the Chicago area since Feb. 24 of last year, when 3.5 inches were recorded.

"We're not going to get much more," said Matt Friedlein, a meteorologist for the National Weather Service. "A half-inch to an inch more maybe. More in Indiana."

Arlington Heights had about 3.4 inches as of 6 a.m., Elgin 3.3 inches, Elk Grove Village  2.8 inches, Woodstock  2.3 inches, St. Charles 2.2 inches, Oak Park 2 inches, Countryside 2 inches and Aurora  1 inches.

In Chicago, snow plows were focusing first on clearing main streets and Lake Shore Drive, according to the Department of Streets and Sanitation. After clearing those roads, plow drivers will shift their focus to side streets.

The snow was also forcing cancellations and delays at O'Hare. As of 7 a.m., 127 flights had been canceled and 57 delayed, according to FlightStats, which draws data from airlines and the Federal Aviation Administration.

chicagobreaking@tribune.com

Twitter: @ChicagoBreaking

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Russia eyes crackdown on duty-free booze after brawls on flights

MOSCOW (Reuters) - Russia may soon crack down to stop boozy flights after a spate of brawls involving drunken passengers.

State television on Monday broadcast amateur footage of several drink-soaked punch-ups after a plane made a forced landing in Uzbekistan on the way to Thailand on Sunday because a Russian had attacked other passengers.

The footage included shots of a man butting a steward during one flight and a fight among passengers queuing for the toilet during another. In a third incident, a man was tied to his seat and his mouth taped shut after passengers got fed up with him.

A senior member of the State Duma, the lower house of parliament, said the assembly could soon draw up legislation to ban duty-free liquor and cigarettes being brought on board planes, even in sealed bags.

"We would like to prepare it (the legislation) before the end of this session," Interfax news agency quoted Vitaly Yefimov, the first deputy chairman of the Duma's transport committee, as saying.

"Changes are needed to end such uproar on planes. It's a direct threat to flight security," he said, without giving any other details of the Duma's plans.

Russian television said that only in one recent case had a Russian passenger faced criminal charges for violent behavior on board a plane. Several others had been fined, it said.

Flights on Russian airlines are generally much more comfortable these days than in Soviet times, when passengers often had to fight their way to the front or back of the plane through thick cigarette smoke.

But alcohol consumption per capita in Russia is the fourth highest in the world, according to World Health organization figures for 2011, and passengers often enjoy an onboard tipple.

(Reporting by Timothy Heritage; Editing by Mark Heinrich)

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"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)

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Goodell: 'Absolutely' would let son play football

NEW ORLEANS (AP) — NFL Commissioner Roger Goodell would "absolutely" want his own child to play football.

After President Barack Obama recently said he'd "have to think long and hard" about allowing a son to take part in the sport, Goodell was asked the same question hours before Sunday's Super Bowl during an interview on CBS's "Face the Nation."

Like the president, Goodell has two daughters. The commissioner deflected the question about allowing a son to play football by noting the high incidence of concussions in girls soccer.

In an interview with The New Republic, Obama had said he loved football but worried about the long-term effects on players of the game's hard hits. Thousands of former players have sued the NFL, alleging that not enough was done to inform them about the dangers of concussions and not enough is being done today to take care of them.

In Sunday morning's interview with Bob Schieffer, Goodell declined to confirm that there is a proven connection between the sport and medical problems in retired players. He emphasized that the NFL is funding research to learn more about the risks.

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Hillary: Secretary of empowerment

Girls hug U.S. Secretary of State Hillary Clinton during a 2010 tour of a shelter run for sex trafficking victims in Cambodia.

STORY HIGHLIGHTS

• Donna Brazile: Clinton stepping down as Secretary of State. Maybe she'll run for president


• She says as secretary she expanded foreign policy to include effect on regular people


• She says she was first secretary of state to focus on empowering women and girls


• Brazile: Clinton has fought for education and inclusion in politics for women and girls

Editor's note: Donna Brazile, a CNN contributor and a Democratic strategist, is vice chairwoman for voter registration and participation at the Democratic National Committee. She is a nationally syndicated columnist, an adjunct professor at Georgetown University and author of "Cooking with Grease." She was manager for the Gore-Lieberman presidential campaign in 2000.

(CNN) -- As Secretary of State Hillary Rodham Clinton steps down from her job Friday, many are assuming she will run for president. And she may. In fact, five of the first eight presidents first served their predecessors as secretary of state.

It hasn't happened in more than a century, though that may change should Clinton decide to run. After all, she has been a game changer her entire life.

But before we look ahead, I think we should appreciate what she's done as secretary of state; it's a high profile, high pressure job. You have to deal with the routine as if it is critical and with crisis as if it's routine. You have to manage egos, protocols, customs and Congress. You have to be rhetorical and blunt, diplomatic and direct.

CNN Contributor Donna Brazile

As secretary of state you are dealing with heads of state and with we the people. And the president of the United States has to trust you -- implicitly.

On the road with Hillary Clinton

Of all Clinton's accomplishments -- and I will mention just a few -- this may be the most underappreciated. During the election, pundits were puzzled and amazed not only at how much energy former President Bill Clinton poured into Obama's campaign, but even more at how genuine and close the friendship was.

Obama was given a lot of well-deserved credit for reaching out to the Clintons by appointing then-Sen. Hillary Clinton as his secretary of state in the first place. But trust is a two-way street and has to be earned. We should not underestimate or forget how much Clinton did and how hard she worked. She deserved that trust, as she deserved to be in the war room when Osama bin Laden was killed.

By the way, is there any other leader in the last 50 years whom we routinely refer to by a first name, and do so more out of respect than familiarity? The last person I can think of was Ike -- the elder family member who we revere with affection. Hillary is Hillary.

It's not surprising that we feel we know her. She has been part of our public life for more than 20 years. She's been a model of dignity, diplomacy, empathy and toughness. She also has done something no other secretary of state has done -- including the two women who preceded her in the Cabinet post.

Rothkopf: President Hillary Clinton? If she wants it

Hillary has transformed our understanding -- no, our definition -- of foreign affairs. Diplomacy is no longer just the skill of managing relations with other countries. The big issues -- war and peace, terror, economic stability, etc. -- remain, and she has handled them with firmness and authority, with poise and confidence, and with good will, when appropriate.

But it is not the praise of diplomats or dictators that will be her legacy. She dealt with plenipotentiaries, but her focus was on people. Foreign affairs isn't just about treaties, she taught us, it's about the suffering and aspirations of those affected by the treaties, made or unmade.

Most of all, diplomacy should refocus attention on the powerless.

Of course, Hillary wasn't the first secretary of state to advocate for human rights or use the post to raise awareness of abuses or negotiate humanitarian relief or pressure oppressors. But she was the first to focus on empowerment, particularly of women and girls.

She created the first Office of Global Women's Issues. That office fought to highlight the plight of women around the world. Rape of women has been a weapon of war for centuries. Though civilized countries condemn it, the fight against it has in a sense only really begun.

Ghitis: Hillary Clinton's global legacy on gay rights

The office has worked to hold governments accountable for the systematic oppression of girls and women and fought for their education in emerging countries. As Hillary said when the office was established: "When the Security Council passed Resolution 1325, we tried to make a very clear statement, that women are still largely shut out of the negotiations that seek to end conflicts, even though women and children are the primary victims of 21st century conflict."

Hillary also included the United States in the Trafficking in Person report. Human Trafficking, a form of modern, mainly sexual, slavery, victimizes mostly women and girls. The annual report reviews the state of global efforts to eliminate the practice. "We believe it is important to keep the spotlight on ourselves," she said. "Human trafficking is not someone else's problem. Involuntary servitude is not something we can ignore or hope doesn't exist in our own communities."

She also created the office of Global Partnerships. And there is much more.

She has held her own in palaces and held the hands of hungry children in mud-hut villages, pursuing an agenda that empowers women, children, the poor and helpless.

We shouldn't have been surprised. Her book "It Takes a Village" focused on the impact that those outside the family have, for better or worse, on a child's well-being.

As secretary of state, she did all she could to make sure our impact as a nation would be for the better.

Follow us on Twitter @CNNOpinion

Join us on Facebook/CNNOpinion

The opinions expressed in this commentary are solely those of Donna Brazile.

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1 killed, 4 injured in accident on Tri-State Tollway

Photo: Scene of crash (WGN-TV / February 3, 2013)

Staff report

9:38 a.m. CST, February 3, 2013

One person was killed and four others were hospitalized this morning after a three vehicle crash happened on the Tri-State Tollway this morning, Illinois State Police said.

The accident happened at 6:47 a.m. on the Tri-StateTollway (I-294) at Lake County Road and Lake-Cook Road in Lake County, Illinois State police officials said.

The accident involved three vehicles and resulted in one person being pronounced dead on the scene and four others being treated for non-life threatening injures, police said. Four people were taken to Highland Park Hospital for treatment, police said.

Police had no further information available about the fatality or the injuries.

There were no delays reported on the tollway, police said.

No other information was available.

Chicagobreaking@tribune.com

Twitter: @ChicagoBreaking

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Syrian opposition chief under fire for talks with Assad allies

MUNICH (Reuters) - Syria's opposition leader flew back to his Cairo headquarters from Germany on Sunday to explain to skeptical allies his decision to talk with President Bashar al-Assad's main backers Russia and Iran, in hope of a breakthrough in the crisis.

The Russian and Iranian foreign ministers, and U.S. Vice-President Joe Biden, portrayed Syrian National Coalition leader Moaz Alkhatib's new willingness to talk with the Assad regime as a major step towards resolving the two-year-old war.

"If we want to stop the bloodshed we cannot continue putting the blame on one side or the other," Iran's Ali Akbar Salehi said on Sunday, welcoming Alkhatib's overtures and adding that he was ready to keep talking to the opposition. Iran is Assad's main military backer together with Russia.

"This is a very important step. Especially because the coalition was created on the basis of categorical rejection of any talks with the regime," Lavrov was quoted as saying on Sunday by Russia's Itar Tass news agency.

Russia has blocked three U.N. Security Council resolutions aimed at pushing Assad out or pressuring him to end a civil war in which more than 60,000 people have died. But Moscow has also tried to distance itself from Assad by saying it is not trying to prop him up and will not offer him asylum.

Syrian state media said Assad received a senior Iranian official and told him Syria could withstand "threats ... and aggression" like an air attack on a military base last week, which Damascus has blamed on Israel.

"USELESS" TALKING TO IRAN

Politicians from the United States, Europe and the Middle East at the Munich Security Conference praised Alkhatib's "courage". But the moderate Islamist preacher was likely to face sharp criticism from the exiled leadership back in Cairo.

Alkhatib has put his leadership on the line by saying he would be willing to talk to representatives of the Assad regime on condition they release 150,000 prisoners and issue passports to the tens of thousands of displaced people who have fled to neighboring countries but do not have documents.

"He has a created a political firestorm. Meeting the Iranian foreign minister was totally unnecessary because it is useless. Iran backs Assad to the hilt and he might as well have met with the Syrian foreign minister," said one of Alkhatib's colleagues on the 12-member politburo of the Syrian National Coalition.

Alkhatib, whose family are custodians of the Umayyad Mosque in the historic centre of Damascus, is seen as a bulwark against Salafist forces who are a main player in the armed opposition.

He was chosen as the head of the Coalition in Qatar last year, with crucial backing from the Muslim Brotherhood.

The Syrian opposition member, speaking on condition of anonymity, pointed to comments by Salehi and Lavrov on Sunday, a day after their meetings with Alkhatib, as evidence that they had not changed their positions and still backed Assad.

Salehi told the Munich conference where the round of talks took place that the solution was to hold elections in Syria - making no mention of Assad having to leave the country.

FIZZLE OUT?

Firm opposition backers like Qatar's Prime Minister Hamad bin Jassim al-Thani and U.S. Republican Senator John McCain voiced frustration in Munich at the international community's reluctance to intervene in the Syrian conflict.

"We consider the U.N. Security Council directly responsible for the continuing tragedy of the Syrian people, the thousands of lives that were lost, the blood that was spilled and is still flowing at the hands of the regime's forces," said al-Thani.

Moscow played down the significance of the discussions in Munich, with one diplomatic source calling the talks between Lavrov and Alkhatib "simply routine meetings".

"We have presented our views when Minister Lavrov meet Alkhatib, we have noted his comments that there is still a chance for dialogue with Syrian government. That is something we have called for," said the Russian source.

"To what extent is that realistic, that's a different matter and there are doubts about that," said the source.

One source in Khatib's delegation said the offer of dialogue would find an echo among Syrians opposed to Assad who have not taken up arms "and want to get rid of him with the minimum bloodshed".

Fawaz Tello, a veteran Syrian opposition campaigner based in Berlin, said Alkhatib had made "a calculated political manoeuvre to embarrass Assad".

"But it is an incomplete initiative and it will probably fizzle out," Tello told Reuters. "The Assad regime cannot implement any item in the series of initiatives we have seen lately because it would simply fall."

Russia and Iran were already beginning to use Alkhatib's initiative negatively, he said, while "the regime and its allies will only treat Alkhatib's meetings as an additional opportunity to smash the rebellion or weaken it".

Asked about the risk of his strategy being seen as a sign of weakness in the opposition or frustration at the Free Syrian Army's gains, Alkhatib told Reuters in Munich: "The fighters have high morale and they are making daily advances."

(Additional reporting by Alexandra Hudson in Munich and Gabriela Baczynska in Moscow; Writing by Stephen Brown; Editing by Andrew Roche)

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)

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NFL's Goodell aims to share blame on player safety

NEW ORLEANS (AP) — NFL Commissioner Roger Goodell wants to share the blame.

"Safety," he said at his annual Super Bowl news conference, "is all of our responsibilities."

Not surprisingly, given that thousands of former players are suing the league about its handling of concussions, the topics of player health and improved safety dominated Goodell's 45-minute session Friday. And he often sounded like someone seeking to point out that players or others are at fault for some of the sport's problems — and need to help fix them.

"I'll stand up. I'll be accountable. It's part of my responsibility. I'll do everything," Goodell said. "But the players have to do it. The coaches have to do it. Our officials have to do it. Our medical professionals have to do it."

Injuries from hits to the head or to the knees, Goodell noted, can result from improper tackling techniques used by players and taught by coaches. The NFL Players Association needs to allow testing for human growth hormone to go forward so it can finally start next season, which Goodell hopes will happen. He said prices for Super Bowl tickets have soared in part because fans re-sell them above face value.

And asked what he most rues about the New Orleans Saints bounty investigation — a particularly sensitive issue around these parts, of course — Goodell replied: "My biggest regret is that we aren't all recognizing that this is a collective responsibility to get (bounties) out of the game, to make the game safer. Clearly the team, the NFL, the coaching staffs, executives and players, we all share that responsibility. That's what I regret, that I wasn't able to make that point clearly enough with the union."

He addressed other subjects, such as a "new generation of the Rooney Rule" after none of 15 recently open coach or general manager jobs went to a minority candidate, meaning "we didn't have the outcomes we wanted"; using next year's Super Bowl in New Jersey as a test for future cold-weather, outdoor championship games; and saying he welcomed President Barack Obama's recent comments expressing concern about football's violence because "we want to make sure that people understand what we're doing to make our game safer."

Also:

— New Orleans will not get back the second-round draft pick Goodell stripped in his bounty ruling;

— Goodell would not give a time frame for when the NFL could hold a game in Mexico;

— next season's games in London — 49ers-Jaguars and Steelers-Vikings — are sellouts.

Goodell mentioned some upcoming changes, including the plan to add independent neurologists to sidelines to help with concussion care during games — something players have asked for and the league opposed until now.

"The No. 1 issue is: Take the head out of the game," Goodell said. "I think we've seen in the last several decades that players are using their head more than they had when you go back several decades."

He said one tool the league can use to cut down on helmet-to-helmet hits is suspending players who keep doing it.

"We're going to have to continue to see discipline escalate, particularly on repeat offenders," Goodell said. "We're going to have to take them off the field. Suspension gets through to them."

The league will add "expanded physicals at the end of each season ... to review players from a physical, mental and life skills standpoint so that we can support them in a more comprehensive fashion," Goodell said.

With question after question about less-than-light matters, one reporter drew a chuckle from Goodell by asking how he's been treated this week in a city filled with supporters of the Saints who are angry about the way the club was punished for the bounty system the NFL said existed from 2009-11.

"My picture, as you point out, is in every restaurant. I had a float in the Mardi Gras parade. We got a voodoo doll," Goodell said.

But he added that he can "appreciate the passion" of the fans and, actually, "couldn't feel more welcome here."

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Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich

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