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tv   Fast Money  CNBC  October 17, 2012 5:00pm-6:00pm EDT

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live from the nasdaq market site in new york times square i'm the backup to the backup. brian sullivan here for melissa lee and scott wapner. the rally rolls on. the s&p with the best gain in over a month, up 2.3%. welcome, everybody. guys, listen. this has been called the most hated stock market rally of all time. nobody knows who's doing the buying, but somebody is. brian, how are you trading this? >> at this point you have to be long. you have bounced off 1425. the real question now is what's the catalyst to get us out of the trading range. we have the ten-year bonds at 180, 185. we can break out of that. maybe there is a catalyst where you get the great rotation. perhaps there is a grand bargain in europe. perhaps italy, greece, spain all getting a bailout at one time. that may be the catalyst.
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most importantly, we have really improving economic numbers, or at least housing numbers which is a big part of the recovery. we have said for a while the big risk is people aren't pricing in a better economy. >> jim cramer said stocks sell on the micro and rise on the macro. ibm is a giant corporation, disappointing. if you believe the theory, there must be something to brian's point bigger and better that we are missing. >> i think to your point it's the most hated rally. nobody believes it. one reason is it shouldn't be easy enough where the fed tells you to get into the stock market and they get into the stock market. 1425, we pointed it out a number of times. we push toward 15 and a quarter. if you are looking for a catalyst it comes in the form of spain raising their hand. they have seen overtones or interludes toward that. that's where the next catalyst is.
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>> you touchdown on it. the fed telling you to get into riskier assets. >> is the fed telling you to get into assets? >> forcing you. >> take a cliff into it. >> what are you going to do -- buy a one-year treasury? oh, the yield rose to 1.8%. why not be in walmart or at&t or verizon? get a couple percent. >> we call it "fast money" not slow money. right? many of you know there are managers who are chasing, but i know you and i know you are chasing. there are a bunch of you chasing performance here. that's one of the big catalysts here. as well as housing and spain. the fed chairman decided to
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shove people into the market here. that's caused people to chase it. >> here's the problem you can see in america. third quarter is over. mom and pop get the 401(k) statements, say, things are getting better. maybe not realizing what they have missed. is it too late? >> is it too late? it may be. hedge fund managers get paid on absolute performance. that could be a question for dr. j. with the vix here, are you capitulating? piling into a market? >> the market can go up, down or sideways. if you take down out of the equation which more or less you have not eliminated it -- i realize that. you have reduced the impact to the down side. then you've got sideways to up. that's why volatility is compressing here. >> mike joins us from connecticut tonight. your thoughts on what we have been talking about or something
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different, whatever you want. >> two things. one of the reasons you are seeing the vix come in is because correlation has dropped. the market may be looking strong here. that's not true for all of the household names some people might have on statements. take a look at names like. we have seen coal names get ago lift. that might be political. could be a little bit less overhang in the natural gas market. when stocks move many opposite directions you will see volatility come in. that won't have the index coming in. >> are you surprised we didn't see a major drop or the vix spike? these are major corporations in technology? >> good point. but the stocks aren't holding up. certainly in intel's case the stock has been taken to the woodshed. i don't know that necessarily some of the news will be new. what we should be looking for
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here are situations where there is going to be sector rotation. there are stocks looking cheaper. some of the industrial materials, coal, mining names. we are seeing money flow into them. >> right now let's go to headquarters and get a market flash on american express. here's seema. how do the numbers come in? >> amex numbers came in in line with expectations. revenue slightly light with a 6% increase in u.s. card loans. card holder spending rising only 8% in the u.s. analysts were looking for double digits. that's why the stock is down slightly after hours. take your vitamins, brian. back to you. >> i need more than vitamins. thank you very much. guy? >> it can't get through the 60, 60 1/2 level. it was a pedestrian -- nothing wrong with the quarter, but not good enough to push us through the 52-week high.
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what happens is we back and fill down to 56, 57. then it gets interesting. it hasn't been able to break 60 1/2 for a while. it trades down first. >> all right. i'd like to dig into the numbers here. see about credit card delinquencies. amex moved away from being a charge card. they have a lot of credit products. now technology. shares of ebay bouncing back after a sharp decline following the after the bell earnings results. company slightly tops street expectations. the conference call is under way now. let's bring in aaron kessler from raymond james for more. your instant reaction to ebay? >> it was a good quarter clearly with the stock being up. expectations increased. if you look at the metrics, the quarter was solid. volume increased 23% for papal. u.s. gross merchandise value increased 13%.
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international g & b was at 15 down slightly from 16% in q-2 the. >> ebay rolling out new mobile products. should we look ahead more than dpe behind? ebay has put amazon.com, maybe walmart and others, squarely in its sights. will it matter? >> it's still about the features. ebay announced a hundred million downloads of the mobile app. we think the increased marketplace and strong payments growth as well. you still haven't seen the off line payments kick in. we could see more of that next year. that's the future and that helped the multiple as well. >> when you look at ebay how do you apportion the value of the stock? how much is paypal, marketplace? >> at this point we are around 60% of the value is payments and 40% is marketplace though marketplace is a graert percentage of profitability but payments is growing at a faster
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rate. payments is worth more today. >> b.k.? >> the growth is paypal. the quarter was decent. a little bit better than i thought it might be given some of the other earnings we have seen out there. really what i want to hear is what they think. can they hit the growth numbers in paypal? those were astounding numbers they put out there as targets. if they can continue to hit that and execute, ebay is a buy here. >> aaron, i have a quick question as far as the number of active users up over 108 million active users. up 10 million year over year. and the paypal numbers to karen and b.k.'s point are through the roof. 35 billion versus 29 -- >> we actually lost -- oh, are you there, aaron? >> yes. >> fantastic. >> you're seeing good growth in
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the marketplace driven by mobile creating an eco-system for ebay that wasn't there two years ago. positive for ebay going forward. >> i noticed on the call they said mobile is their game-changer and they can't to believe they are the leader in the mobile space. that's not good news for verifone, but good for ebay and a reason it was able to turn around after hours. it was down over $3 at one point. >> what's worth more, ebay or paypal? >> we have a $53 target on ebay. we assigned $28 to paypal. $23 to marketplace. $2 for the gsi business. >> karen? what's it doing after hours? >> it's back -- >> $48. unchanged. >> yep. >> i like both parts of the business. paypal and marketplace. like them both. >> thank you all. stay tuned. we have lots more -- not just a little. we have a lot more action to
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trade. plus, stocks within striking distance of new all-time highs. again, how should you be investing? should you be investing? we'll speak with respected investor mellody hobson from aerial investments in a moment. and did nike do the right thing dropping lance armstrong or make a major mistake with lance's dedicated fan base? more "fast money" ahead. >> "fast money" isn't just about a bull market. it could be up, down or sideways. >> in the blink of an eye everything changed. you have to surround the trade. >> we are all together as a team but we all come at it from a different perspective. >> it's all about moving the odds in your favor. >> it drives out the value of the show. >> i am "fast money." >> i am stephanie link. i am "fast money." >> i am steve grosso. i am "fast money."
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but the best rest event ends soon at sleep train. superior service best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ welcome back to "fast money" in new york times square. scary news from new york today. another alleged terror plot foiled. this one set to strike in the
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heart of new york's financial district. sharon epperson is live outside the new york federal reserve with the latest. sharon? >> reporter: the terrorist plot was to occur behind me at the new york federal reserve bank. this, of course, in the heart of the u.s. financial center. the person that was arrested by federal authorities, his name quazi nafis. he was arrested for trying to attempt to build a 1,000-pound bomb. materials he got from an fbi undercover agent. the bomb materials were not going to be detonated. the law enforcement officials say the public was never in danger because the fbi was involved in every stage of the plot. nafis is now charged with weapons of mass destruction, using weapons of mass destruction as well as working with al qaeda. he says in a videotaped statement that his effort was to destroy america.
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in his efforts of working with al qaeda, commissioner ray kelly points out that there have been at least 15 attempts -- terrorist attempts since 9/11, all thwarted by the fbi and nypd. there will be a press conference at 6:00 today. back to you. >> sharon, thank you very much. back to the markets. the s&p making another move higher today. so what are your best bets as the bulls continue to run this show, even with low volume. m mellody hobson from ariel investments joins us. it's nice to welcome some class and style to the program with the exception of karen, of course. i'm sorry, gentlemen, but it's true. talk about mom and pop are still not convinced. we seat it in the volumes. the markets have gone up. they're scared, sitting on their hands.
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how do you talk to clients about having confidence in the markets? >> there is no question. on the sidelines if you look at mutual fund flous you can see it. money has moved away from equities into fixed income. even then just a lot of fear. i try to emphasize the long term and you have to play to win. if you sit on the sidelines you are never going to time getting back in perfectly. going in and out perfectly just doesn't happen. >> okay. a lot of it will have to do with your age. if you're in your 70s you will be in bonds no matter what. >> you need equities in your 70s. we live longer than yes used to. >> in your 50s, you have a client 45, 50. make the pitch about why they should be in stocks given everything else going on in the world with europe, et cetera. >> you need stocks for growth. that's a nonstarter. the stock market has outperformed all other investments since 1926.
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thirdly we have never had two back to back decades of negative returns for the s&p 500. it has never happened. the likelihood that would happen again just -- it wouldn't happen. thirdly, which i think is important is that when you look at businesses, especially american businesses they are in great shape. they have so much cash on the balance sheet. they are better than they were in 2008 when we had the near disaster play out. >> i will play devil's advocate. somebody says, i'm scared. i saw a flash crash in may a couple years ago. there have been many since then. i see al algorithm miracle trading and how the traders are d disenfranchised. >> look at the stock market post flash crash and the return we have seen. there will be bumps in the road. we cannot promise what will
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happen. if you take the long term goal, i'm wearing a turtle to reinforce it. >> lovely. >> if you look over the long term you win in the stock market. patience is rewarded. >> i will say in the last ten years or so, i'm basically back where i started, give or take where i started from. we could play the last 100-year game or -- there is concern by folks. >> if you believe in mean regression, the last ten years is an anomaly. the pendulum should swing back the other way if you look at all of the statistics out there. that makes my case for doubling down. if i say over the next 10, 20 years what's the likelihood i will win, i take those odds. >> not mean at all. >> some of the names you like, i understand the domestic story. you want to be centered on the united states.
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starbucks and estee lauder. >> i'm on the boards. >> and you like the companies. >> i like them a lot. they have been winners. >> estee lauder is killing it. >> because you're on the board? >> take the credit. because of your great advice. >> because of great leaders and board members and great products. >> how afraid of you are companies with large international exposure given europe, given the china slow down and things going on in india? >> remember, i'm a value investor. i see these hiccups as opportunities. there is no question when you look at europe now there is a slowdown but it's priced in. no question. no one expects huge growth out of europe. if you look at china as it is slowing it's growing fast. so, you know, 7% is not 10. but 7% is a good number. again, as i look long term from today for a business like estee lauder or starbucks, ten years
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from now will they have a bigger presence in the markets in asia? yes. i say again thinking long term, not next quarter, next year but over the long term, will we sell more lipsticks in asia? the likelihood is high. >> what about the financial side? >> financials have been a roller coaster. again, opportunity -- you know, i'm more interested in some of the financials that fly under the radar. as opposed to some of the big financials that are out there. where it's just not clear what will happen and certainly their profit potential looks less attractive than it was. >> for example, we saw hca, right? dividend announcement. kkr. >> we are invested in it. >> you like blackstone. >> we like lazard. the real estate related financials. c.b. richard ellis. we like those businesses. even though for ellis with
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european peen exposure it casts a cloud over the country but we say who will be insourcing real estate management? if you're pepsi, or coke you are not bringing it back in managing your real estate around the world. >> we're going to take a break. please stick around for us. >> absolutely. >> fantastic. we'll get more after the break. including a pick on the sport side she thinks could be a slam dunk. excuse me for the bad pun. and then from a nation of renters to homeowners. if the market is flipping so is the trade. we have the names to own now. more "fast money" up next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle...
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your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. we have breaking news from the american express conference call going on now. mary? >> the cfo addressing analysts as we speak. he's focused on the decline they saw in growth and billable spending by clients. he said it happened across all the business segments including travel and entertainment suggesting, of course, businesses are reining in expenses. also he said they saw it across
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all of their regional geographic regions as well led by japan and asia. on a plus note he said they are at or near the low end for the lending write-off rate at american express. that addressed concerns about marketing expenses. he said the company believes 9% of revenue geared to marketing expenses is a rate at which the company can continue to invest in business to grow business. right now it's at 9.7%. brian? >> thank you very much. backlash from lance armstrong's doping allegations kicking into high gear today. nike, radio shack, anheiser-busch and moments ago 24 hour fitness announcing they are cutting ties with the cyclist. this after the u.s. anti-doping agency released over a thousand pages of testimony against him last week. will the move hurt nike? your firm is invested in sports-related stocks. do you own nike?
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>> we don't, but it's a great company. >> any of you on this lance armstrong thing? >> probably they are being conservative about the brand and did the right thing if something is unknowable. >> i talked about it on "street signs," 2:00 to 3:00 p.m. eastern, great program. it's a hot topic. was nike smart to get away from it? >> there is zero upside to keep him on. why not let him go? nike won't sell an extra sneaker just because he have they have lance armstrong. it's unknown. move on. >> we have mike khouw with us. your view? >> i'm not in nike. i think they made the right choice, no question. the options market. some people came out. the active options for the 92 the.5 puts. this is the only decision they could make.
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we know enough to know they should keep their hands off. you can't have a company associated with this. finally, i think it's not going to make a difference to them financially. that's what i think is the most important thing. not going to make a difference. >> let's move on to sports related stocks. i'm the biggest nascar fan or the only one on the panel. international speedway. they own daytona, run nascar in a way. >> 13 tracks. a million seats. >> we have seen it. why international speedway? >> we like these businesses where it's sports but media. tied to broadcasting. 45% of revenues come from tv rights. they have been renegotiating the rights. they just renegotiated a third of the contract with fox sports. 40% more than what they were getting before. eight-year contract. we look at it and say as value investors we are buying it while
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attendance is down before tv rights are renegotiated. we see a perfect opportunity. we think the fans come back. economically sensitive stock. when the economy was down their fans move away. plus they got very, very safe after dale earnhardt's death. so the sport became a little bit less exciting. >> they're making changes. they're trying certainly. >> the knicks play at madison square garden. by what you described msg must be an interesting place to park. >> madison square garden, we like it a lot. that's a great story. we say first and foremost you can't replicate the real estate here in new york. when you talk about a brand that's fantastic. plus they own the knicks and the rangers and the liberty. they bought the forum. they have unique brands and they are two regional networks right now in the process of renegotiating tv rights.
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took a huge boost after li nr linnsanity. ticket prices rose 50%. >> let me ask you about it. dolan as management. >> 70% voting control. >> there's been controversy about their stewardship of the assets. that's not in your way? >> it's one of the negatives on the stocks. when we looked at do we believe they will work to maximize shareholder value and the moves they made we believe they will. a billion dollar transformation of the garden itself in terms of a retrospect and a big spend there which we say will pay for itself for years to come. we know the controversy. we know the reputation and we are going into it eyes wide open. >> do you think we could see activism if they don't get their act together? >> the stock has moved. >> linsanity, the knicks, but the rangers may not play this year. >> heaven forbid. >> nhl as an example.
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it's one dollar of earnings. it's inconsequential to the value of the franchise. even if the whole season is locked out, it means nothing. it may take the stock down because of perception but it's a buying opportunity. >> the key is she hit it when she said television broadcast rights. for hockey they have to pay to be on television virtually. that's not an asset that's so valuable to madison square garden. >> viewership went up after the playoffs for the knicks. that was the first time they were in the playoffs since 2004. that helps the renegotiation of television rights. >> great to have you here. you added some quality to the program which is fantastic. next time, let's go to the hare broach not the tortoise. it is "fast money." >> all about the turtle. >> ariel has that tortoise -- >> slow and steady wins the race. >> it was a joke, dr. j. a bad one.
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welcome back any time. next, we are decoding the message the treasury market is sending to stock investors. and is the u.s. on the verge of a new housing boom? we have the stocks to own if all those long-term renters are about to take the plunge into home ownership. stick around. there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class.
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♪ >> sweetheart out there in times square. >> last time we did the show together you were talking about the george jetson girl that sings that song. this is skynyrd, but the studio version isn't as good as the live. >> that's trade school. >> it is. meantime the housing recovery gaining momentum. what does it mean for real estate investments? diana olick joining us to break down the numbers. long day for you. good to see you again. >> we are getting really strong numbers for the builders. both single and multi family apartments. that's counterintuitive if you
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believe once housing recovers people will stop renting and buy a house. should you be in apartments or housing reits? housing starts jumped from a year ago. single family up 43% from a year ago. multi family apartments up 19%. it is the permit numbers considered a more reliable reading that's off the charts. up 45% from a year ago. single family up 2. multi up over 93%. the home builders were up on the news. they are up nearly 140% from a year ago. many analysts are saying they are overvalued and downgrading some of the stocks. there was a note today warning of risk in names like avalon bay, equity residential or udr. the reits have been under performing with some afraid that
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maybe they have already peaked. price waterhouse out with a report on 2013. they see apartments as a strong bet given relatively low supplies though there is building going on. downsizing baby boomers coupled with adult echo boomer renters continuing to push demand. >> if you look at the last several overbuilding cycles we have had whether it's the one after the savings and loan crisis or the one from the 90s or this decade, we really haven't been in a situation where we have over built multi family in the last six or seven years. we don't have an excess of supply or financing to fund future growth in supply. >> plus, he adds right now there is a lack of credit headed into the condo market. banks shying away, funding the multi family where rental returns, they feel, are more
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dependable now. >> diana, thank you very much. let's talk about this. karen, you have views. b.k. as well. ladies first. >> we like realogy. >> it was public. went away and came back. >> went through some problems but came back into -- the timing was fantastic. it doesn't seem to be priced in as much of a recovery as the home builders seem to. you will make money as long as the number of transactions improves. pricing improvement helps also. they have a big n.o.l. to shield taxes which will allow the cash flow to just get into a virtuous cycle. i like it. it's up. still own it here. >> karen hit it on the head. the home builders have run so much. home depot. you're not the first to discover them. the one place i'm playing it is
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analy capital. one of the mortgage reits. they have suffered because they have had a reinvestment risk. they have to buy mortgages yielding less. last night they announced a buy back 10% of market cap. that will take them out for offering stock. there is a 12% yield. even if it goes down you're still happy. plus you have potential -- >> i'm not recommending stocks. have you ever seen their subsidiary, camera? >> and zillow became public. it was always about display ads. not anymore. that's how brokers reach the people out there looking for a property. they get their name in front of them, click on that. different from a display ad. >> mike? >> it's interesting. the options market was bullish on home builders for a while. seems to be turning the table on them now. the options market signalling
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that it's time to have a heck of a run. in some cases doubling in a year. it's wise to stay away and look at the other names they were talking about. >> there is an interesting new bet you can make on single family rental reits. as you talk about the investors buying up single family homes that were formally foreclosures and they are creating reits. if you feel the home builders are over valued and you're worried about apartment reits, over construction, over building. this is where there is a lot of action. investors in the space and turning the bulk group of properties into investment reits. you get the rental return and if the market is coming back and you get home price appreciation they sell off homes and you get returns there as well. interesting play. >> very. diana, we'll see you soon. thank you very much. let's go to bertha coombs who is listening in on the ebay
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conference call. bertha? >> investors are disappointed that ebay when lifting the guidance didn't live the top end of the range, just the bottom. they are cautious. they expect to see an okay holiday season. they still see cross currents coming out of europe. what's interest iing. they think the redesign of the logo and site is helping . he says everything is about streamlining including what they want to do with papal. there are reports they will make head count reductions. they have made no announcement for numbers yet. they say this is not about cost cutting. it really is all about streamlining. that's what he keeps stressing here. it's all about making the experience better for users and better for the stores and the retailers they work with. they say they see growth and really strong interest when it
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comes to their off line use of papal. retailers, it's going well with home depot. they say the discover deal gets them a lot of reach in some 7 million places. they are testing a same day delivery thing in san francisco. use an app to order from many stores and get it within an hour in some cases. >> wow. within an hour? pretty soon they will give it to you before you order. hey, i was going to buy that. they knew through the app genius. next on "fast," is china's economy headed for a hard landing? no need to wait for the gdp report tonight. we have your trade ahead of time. just like ebay. later on a holiday price war already breaking out. we'll have odds on which retail giant may -- just may -- come out on top. more "fast" next.
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more breaking news involving lance armstrong. his long time bicycle partner, trek, the bike he road to the tour de france championship saying they are also dropping him. they will, however, continue to support his livestrong
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foundation. lance losing nike, bud, 24 hour fitness, a couple others and now his bike company dropping. fears of a slow down keeping the china bears busy. how certain is a hard landing in china? the jpmorgan emerging economies fund is heavy china, outperforming to date. let's welcome the portfolio manager from jpmorgan asset corporation. george, you are not among those who are terrified and avoiding china. just the opposite. >> think about three terms here since we are working in euphemism. soft landing, hard landing. let's choose what i have called a bumpy landing. we have had a material slow down in china. here's what we are impressed by that tells us it's not a hard landing. one, policy has been tight for a long time. tighter than most of us thought. in that environment, think about the bear case. it's been centered on a crash in china real estate.
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when you tighten policy and keep it tight for a long time that's the environment where if there is a bubble it ought to crash. we have had a bubble not a crash in real estate. >> the bears like the jim chanoses of the world, a smart and successful guy will say i don't care about 7% growth because i don't think the numbers are real. they question the validity of the data itself. >> some of that's true. no doubt. i have long argued that the gdp numbers may be one of the manufactured goods out of china. some of the other data may be managed as well. there is no doubt there's been a slow down in china and it's been a steeper slow down than optimists like me thought. we haven't had a crash. we are now witnessing the beginnings of a turn in policy that should follow the government change that's now unfolding. we should get the standing committee announced in the next couple of weeks.
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>> let's broaden to emerging markets. overweight china. that's working for you. the european banks are the biggest lender to emerging markets. they are deleveraging. to me that looks like a credit crunch could be coming. being long emerging markets. you're saying somebody else will fill the gap or you don't think the credit crunch will come. who will fill the gap? if so is that a buy in this vermont? >> good question. let me put it a different way. who is most exposed to the credit crunch element? if you think of the three regions, latin america, asia and emerging europe. it's the emerging europe area that's most exposed. if you look at bank lending they were sourcing from overseas as a share of gdp, it's that region, that emerging europe that's been sourcing most of the lending from western europe and that's where the credit crunch effects are obvious. that means you have to be careful about what i would call value trap opportunities or value traps that unfold in eastern europe. it may be that the problems in
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western europe are exported as a result. >> how do you reconcile this, george? chanos is short the asian markets. some of the chinese markets at a five-year low. we are at five-year highs. one of us has to be wrong. in your estimation it's china. if that's the case how do the folks at home play that? >> with regard to china it's trading in relative terms versus what i mean by that is relative to who else is on offer. it's trading as cheap as you ever see as a result of the big correction. i look at the last month and a half or so. there were elements of a capitulation trade. a couple signs of life out of the markets. hong kong we trade in as well as the a shares. don't be fearful of the china story. it's a positive from here for china.
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remember, the story for this year has been as china goes, emerging markets go. if we see a turn in china, emerging market wills turn as a whole. >> jim rogers, another famous investor told maria bartiromo he would rather invest in russia than india. >> we are more constructive as a market because it corrected dramatically until the middle of the year. people started throwing in the towel on what had been a richly valued market. we got more constructive because it cheapened up. we are value oriented in what we look to buy. it started to bounce back so it's not as attractive as it was three months ago. having said that we have started to see the beginnings of a reform movement out of the politicians in the last couple of weeks. maybe there are signs of life. big challenges, big country. a lot of positives going on longer term. >> jpmorgan asset management, george, thank you. >> thank you. >> let's go to mike khouw. you saw a big trade in the options market related to china today. what was it?
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>> the china 25 etf, we saw what looked to be a substantial seller of the january 3438 strangle. by selling the 34 puts and the 38 calls and collecting 1.80 in net proceeds they are betting on something that will be range bound, below the 38th strike of the calls they sold and above the 34 strike of the puts they sold. they are going to collect premium for this. notice that they are closer to the upper strike. at least by one trader's estimation it suggests while it will be range bound maybe it might drift lower as well. >> there were two other really big prints at the 38 strike in november. about 38,000 options and 18,000 print followed by 18,000 print for 63 cents net. like you say, maybe they are looking for a short-term pop to the upside but like you said, perhaps a pull-back after that, stay in the 3438 range.
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>> all right. >> the music started. time for a tease. next up from facebook to first solar to binders full of women. this is a "fast money" pops and drops for the record books. trust us. >> "fast money" means trading. everybody's got to bring their best information every night. the entire trading day is the preparation for the show that night. >> it's idea generation. it's all about giving you a framework for how to look at the market. as the world has changed our show has evolved. i'm guy adami. i am "fast money." >> i am pete najarian. i am "fast money." >> go to the nbcuniversal store and order your tee. run with the big dogs. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis.
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pops and drops time. family dollar, a drop. karen? >> on the heels of a statement that dollar general may have made at a deutsch bank conference. >> think the stock trades lower first. >> 2% pop for facebook.
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>> they have great mobile apps they put out. they have earnings next tuesday. be aware of that. i am long the stock and the options here. >> b.k., a pop in citigroup. in the news this week. >> yeah. just a couple of things going on at citigroup. up today. i still think it will be tough for the money center banks to earn money net interest margins going down. >> mike, dean foods? >> karen, i have to give you credit on this. they filed the white wave ipo, that's a positive. 320, 360 million in proceeds there. >> and binders full of women, a pop. we knew it was coming. mitt romney's statement during last night's debate that he had binders full of women to appoint to the cabinet. it exploded online. the strange phrasing has created parodies like these and a facebook page with the same name has more than 300,000 likes. kind of a shame that's what comes out of the debates. >> you probably had binders full
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of women. >> rolodexes. >> your first moves when we return on "fast money." when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common.
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final trade time around the horn. b.k.? >> i like intel.
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>> m.a. is going to 500. >> karen? >> bank america. earnings were decent. >> financials, john. >> metlife. >> three out of four financials. i'm brian sullivan. watch half time tomorrow and street signs at 2:00 p.m. eastern time. "mad money" begins right now. have a great night, everybody.t. "mad money" with jim cramer begins right now. have a great night, everybody. i'm jim cramer and welcome to my world. >> you need to get in the game. going out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. and i promise -- "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica, other people want to make friends. i'm just trying to save you some money. my job is not just to entertain you but trying to teach and coach you. call me at 1-800-743-cnbc. in recent years, stocks have become more hated, hated than any time i can remember in my whole career. that spans a lot of time. i still

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