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with it. sue? >> now "street signs." see you tomorrow. >> dow less than a teeny weenie 1% away from all-time high. bill gross says stop blowing bubbles and can come right back down to work. apple ceo tim cook feels your pain, dear shareholder. but think longer term is what i says. also, name your price, price target that is, with the upgrades flowing in on priceline.com and it is not a cat walk, it is a cake walk. one company that dresses you in your own home. hi, everybody. a split show from wall street down to the nation's capitol with brian. big hello to him. >> hawaii, mandy, i'm fine, thank you. as usual, this seems to be the hot bed of wall street right now. as you noticed, bernanke, helping goose these markets. all eye owns sequester. then continuing resolution after that. we could do the show permanently

i think from down here in the nation's capitol, mandy? >> i'm sure. let's get straight back it markets. the dow as i mentioned, less than 1% away from its all-time closing high. in fact, dow and nasdaq now raised all of monday's alsos that are now up for the week and vix meantime, fear gauge dropped for the second day and amazing monday's moves and if the dow is up, at least 100 point today, it is sitting there right now, it will be fourth straight triple digit move and that has not happened, dear viewers, since november 2011. let's get straight to the trading floors. rick santelli is in chicago. bob, we have ourselves another rally. >> yeah. little bit of good economic news and little bit of mr. bernanke calming markets down. let me show you what we have been getting in the last two days on the economic news. we of course had today, the better than expected durable goods number here ex transportation. we have pending home sales and

consumer confidence all better than expected. and results today, you can see that durable goods numbers, been affecting some of the big multiindustry stocks. transportation stocks as well have been to the upside. a lot of big names in that group as well and as you mentioned, multiindustry stocks moving as well. home building stocks up on the pending home sales numbers. that's been moving in the last two days. remember, new home sales numbers the day before that. that is helping as well. finally mandy, we have mr. bernanke speaking. and an interesting comment saying, we think interesting comments by 2016. market moving up a little bit on that news. i think he hadn't mentioned that before and that's another bit of clarification on the markets got that. mr. bernanke isn't increasing rates any time soon. >> everything is fine, as they say, here on "street signs." thank you very much, bob. as for what is going on with yields, it is to the down side, are they not, rick santelli.

>> we are pretty much highly unchanged now. we are on the down sides and as you can see on this correlation chart, when you put the dow on the ten-year together, rise in dow to these levels getting close to all-time highs, pushing yields up a bit. but it links and delinks. we never seem to go much higher this yields. i have three words for you about today's rally that's the talk of the trading for the first word is bonds. but you can't guess the next two. mcguire and sosa. people on the floor, look at the stock market. can reminds them of the juiced home run derby, never getting into the hall of fame, so why is everybody so proud? getting into the month-end of qe and if bernanke said it 12:30 eastern, it may take 15 years to get to 6% unemployment, maybe we would have traded 15,000 by now. >> and bond king himself, bill

gross in a second with a big old wagging finger. thank you very much, rick santelli. >> let's get to jon fortt who has been monitoring meetings. is there anything shaking investors to their core? >> a little bit, brian. it is interesting. stock down more than 1% today while other stocks are up near 52-week highs. apple near 52-week lows. i notice the stock went down, especially when tim cook mentioned they are still looking at ways to return kwash to shareholders. maybe it was clear to people he wouldn't say anything more specific about when apple might do that. but it is interesting also. he said that he doesn't like it either. this drop that apple has seen since september. that the board doesn't like it. he is thinking about shareholders more than you know, which is touching. but also, a few other details here that were interesting. shareholders, who are present here, actually easier on apple this year than last year which might be surprising considering

the stock is down about a hundred bucks year over year. david einhorn was not here. calpers normally a thorn in company's side, apple's side, spoke in apple's position in its battle with einhorn over preferred stock and how that would be issued in the future. the entire board is re-elected. numbers are still preliminary. items on human rights, board having to have a special committee for that and requiring apple top executives to hold on to a third of their stock until retirement age got voted down, which is what apple wanted. the cook says the best way for the stock price is to innovate. no special news out of here. back to you. >> jon fortt, thank you very much. what do investors need to hear from tim cook, if not to restore confidence but at least

the stock price. let's bring in collin gillis and morningstar, is there anything tim cook can do to get the price back up? >> absolutely, brian. number one thing that would get this stock moving again is to introduce new products that will generate new revenue strings for the company. >> like what? what kind of new products would you like, collin? >> you want to focus on high ticket items that will appeal to the apple audience. this is a clear product category. there are three screens that people talk about. small screen being the smart phone, medium screen being the tablet and big screen meaning the tv. and of course, where we are computing is the next big topic everyone is talking about, as competing against smaller and smaller and smaller. let's see where apple is going and where we are computing. >> brian, has apple learned the hard way that even being apple, there is a limit to what they can charge their customers? look at their mac books. >> well, i think apple has

always taken a premium strategy to provide software and services that allow them to capture premium on hardware. they have done it for the mac for many years now and i think they will keep that for the iphone. i think a lot of the sell-off, you look at business perspective, there is concern about gross margins, we think that will happen. but it is a mat every of product mix and i hope they maintain product on the high end rather than the $200 iphone for example. i do agree with collin, i think new product are the big driver for this company. >> we all want new product and innovation but it takes time. cash to share holders is what people want. why didn't they do it today? >> because this is not the forum for them to do it in. if you think about what their shareholder meeting is, it is not webcast, not a public forum. companies tend to review, generally speaking with, giving it out on an annual basis. apple reinstalling dividend on

march 19. so tim cook made it clear they are in active discussions. they clearly have more cash than they need. i do expect a dividend increase to happen in the next few weeks. whether that's enough to boost the stock, i'm not sure about that. >> brian, cash is nice but is returning more cash to shareholders also an implied admission that you don't have anything better to spend your money on? >> well, i don't think so at this point. because apple generated so much cash. certainly a lot of overseas cash. they will invest in supply chain equipment. so they have plenty of money to spend, to grow the business. plenty to spend on r & d and to grow and build new product. but there is excess cash over that. they will continue to pay buy backs and the bulk is overseas and in order to get that cash to shareholders they have to take on debt to do that. sounds like they are hesitant to do so. but i would not consider cash distribution is sign apple

doesn't have anything to invest in. >> collin, there was speculation going into today there might be a bomb dropping in the form of maybe a stock split. which i guess might make it more accessible to retail investors but wouldn't do anything about its cash. down the line would be that be a good idea? >> you know, look. the theory says that there should be no influence, right? you give me $20. i give you two times back, right? mathematically shouldn't make value. there have been some instances where, you know, it does seem to give a boost. i love when there was a split of stocks. if you got inclusion into more averages, like the dgia, that is a potential positive. but again, the core issue here is, apple needs to keep innovating, keep driving new product in front of their competition. >> gentlemen, both, thank you so much. >> thank you. >> on deck here in "street signs," we have got a rally on our hands. d.c. style. the dow on pace for the fourth consecutive triple digit move.

>> bill gross is here with a big fat buzz kill. his warning for every investor. yeah, that includes you. what is keeping a bond king up at night? next. to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.

look at that. highs of the day on the dow and about a percent away from the all-time high on that index. biggest leaders on the big board we can see there. names like j.p. morgan, boeing and caterpillar. no one, i repeat, no one is in

the red. brian, hello again. >> sounds good. i like the green on the screen. all right, how is this for a quote? global economy is using quantitative policies with the central bank that can print the fastest, being the ultimate winner in race to the currency bottom. bill gross from central banks and what they are doing all around the world, we expect nothing less from bill. so let's bring in founder of pimco. bill, you clearly believe this is not going to end well. but any way to know in your crystal ball of when it might end? >> well, that is hard to know, brian. you know, it speaks to alan greensp greenspan's original question when he asked, how do we know when asset prices are irrationally exuberant, when ask z it end? interestingly in 1996 the dow was at 6,000 and pes at 12 times. it was a little bit early and

hopefully on that a little bit early in terms of timing. i don't think it ends right now but i do think as you suggest through my quote that, that prices are irrationally elevated. and that yields are irrationally lower than they should be and so at some point, we have to move back to normal as ground. >> is the stock market and giant bubble? >> i don't think so. we can look at it in a number of ways. the pes around 14 to 15 times. forward pe is analyst like to quote is around 12 times. yield is 2%. you know, you can get growth plus yield from global companies at 3% plus. so you know, that's not irrational relative to a ten-year treasury. 1.85%. but you know, i think all asset prices as i suggested in my quote have been elevated to some extent artificially by what the fed and other central banks have done. they've lowered interest rates to near 0% levels and that basically raises asset prices and certainly raises bond prices

and ultimately at some point we have a pay a piper. >> i would like to dove tail in brian's first question. when it ends, will it end gracefully or do you have to wined down smoothly? >> i think it ends, mandy, rationally and temperately. i think that's what it was titled this month is rational temperance rather than national exuberance. to the extend they can raez out can ease out of this and first step is quantitative easing to 600 billion then 400 billion and all the way down to zero, perhaps in the next nine to 12 months, then these are small steps. ways going to call them baby steps. but those are big babies. the fed basically is trying to ease its way out of this and produce a normalized economy and normalized market. but it is fair to say that

prices are reflecting abnormal and irrational interest rates. >> bill, i'm going to be real high-tech on television. in the last four years, the stock market has gone up. bonds have gone up. mortgage backed securities have gone up. housing has gone up. where are there still opportunities? >> well, the opportunities, brian, i would say, first of all, are less than double-digit. those expected in the stock market and we are seeing it. we are seeing a nice annualized return today in double digits certainly. but those expecting double-digit types going forward are bound to disappoint and be disappointed. where can we expect the highest returns going forward with the relatively least amount of risk? i think in foreign countries to some extent. i think in emerging markets and countries like mexico where their economy is growing at 4% and their interest rates are at 5.5 to 6%. and countries like brazil. i think you can find countries with good balanced sheets and

descent fiscal situations in terms of low deficits and yet, still high growth rates. and so, i would advise an investor looking for something close to 10% to move off-shore as opposed to the in the united states. >> got it. as always, wonderful to have you on the show. thank you very much. to pimco's bill gross. >> thank you. >> coming up on aisle two, best retail stock bets for your portfolio. >> and bada bing. new jersey okays on-line gambling. big winners, next. >> i'm diana olick with your real estate recovery watch. going to charlotte. home sales surge a whopping 40% in january from a year ago. median price up 2.6% but inventory is shrinking down 29%. that's charlotte. to find out how your local mark set moving, go to our

interactive map at realty check at cnbc.com. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover

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ko coffee prices down but that all can come to an end.

eruptions growing between coffee growers and police. they want more government subsidies to offset the big global price drop. if it continues we could see major supply disruptions. colombia is the world's fourth largest coffee export. >> new jersey is the third state in the united states to legalize internet gambling. some are questioning whether it was a desperate move by a new jersey governor, chris christie, to make money at the extension of casino companies. so let's dig into this more. mary thompson joins us. >> hey, mandy. that extra tax revenue certainly won't hurt the state. but really approving on-line gaming is a bid to help atlantic city's casinos. which as mandy pointed out, are struggling. neighboring states like pennsylvania behind 43% decline in atlanta city's gaming revenue since peak in 2006. so any added revenue would be

welcome to ac's 12 casinos, including those run by caesar's and boyd gaming. five properties account for 60% of that market's revenue. don't expect on-line gaming to be available tomorrow though. regulation needs to be written. casinos need to be licensed and approved. players have to register and there will be jn line plat forms for age verification, and verifying a player is indeed in new jersey. seth polanski, a spokesperson, says the earliest launch date is likely 2015 adding nevada approved on-line gaming three years ago but has yet to take an on-line bet. what is the pay off? analyst estimate $350 million in additional revenue to the first year to 1.5 billion in 2015. wide range reflecting uncertainty about additional demand in the garden state and questions of whether on-line betting the hurt casino's brick

and mortar business. can on-line gaming in the garden state ris rekt atlantic city? facing competitor in d.c. and baltimore but the promise of on-line gaming should keep operators in atlantic city because they expect to pay off within five to ten years. >> you've got new jersey, the their state to legalize on-line gambling. who is the fourth state, fifth state and so on? >> that's good question. i think what you will see is because nevada and new jersey, this according to the people i spoke to, already have, you know, pretty strict regulations in line or in house, to regulate brick and mortar casinos, other states might partner with them. basically direct -- and there could be revenue sharing agreement. that's what you might see going down the road. >> got it. we should also mention as well, right, mary, this could be a huge win for zynga what ch has almost 40 million on-line poker players. i do believe the stock is moving up. currently up by 4.7%. thank you very much, mary. >> welcome. >> rally is marching on, folks.

we are looking for bargain retail stocks to get in on, cat walk cake walk. we will introduce you to what could be the next big thing in retail. >> and i want it look at the dow. remember a long time ago, folks, like yesterday. people were concerned. guess what, dow is up more than a hundred point and we are now less than a hundred points away from our all-time high on the dow. will we hit it within the next hour and a half? hey, you got to stay tuned to cnbc to find o out. it is drama realtime. and we are back right after this. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before.

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there's your markets. we are up about a hundred points. maybe slightly less, from our all-time high. none of the dow 30 stocks are down. an hour and a half left in the day. could we hit an all-time high? we will find out. now let's get to the doctor and iced tea. >> back to the newsroom in new

jersey. little straight talk with the j man, josh lipton. let's talk about big 5 sport sporting goods. >> still well in the green. big story here is firearms, mandy. you have seen this from demand from retailers selling guns. when president obama took office, you saw fear of gun legislation. that stock, by the way, up a hundred percent in six months? >> incredible. papa john's is being slammed. >> it is all about this accounting error, joint venture agreement. you can see investors slamming the sell button on this one. >> this reporting a quarterly profit, a loss, the problem is outlook for lack of an outlook. they did not give you sales outlook for 2013 and can you see it aching it hard there. >> i want to move over to what

is happening with retailers. one by one by are hearing from these guys. jcp after the bell today. >> target is entering its slipping. part of the problem is kbiedance. murky, then you see headlines dropped from conference jc penney after the bell, now retail analyst will tell you, expectations are low. also watch out, because it is long here over the last three quarters. >> so we invite in mr. herb greenburg. herb, you come in on this one. coach? >> i got to say, the j man? >> j man. everyone has a nickname, as far as i'm concerned. herby, he is the j man. >> i like that. >> coach is soaring. all to do with an art can kel about a possibility they may be considering the sale of the company. but this is just speculation. >> and by the way, up only about 3%. when i saw the story, a deal breaker, they often again. at first it was the obvious but

this is being floated and the company has sort of been hit by the whole concept of their core business. when they came out, they would be a lifestyle brand in the last quarter. whoa, that's telling us the rest of the business isn't doing well. i will say that brian at j.p. morgan has a note and he met with the ir dep, they are talking about the footware, sunglasses, dress, tops, bottoms and everything thinks that will crush margins. driving sales -- >> coach is down for the year pu there are some bulls out there. they are making the argument coast is a better bet than coors. they said the promise of china business. >> oh, china, big cahouna itself. herb, what else are you watching? >> one of the big bull stocks here, vianex. i would have thought this stock would be up 20% because it has

that news. remember this is a patent control company. i always consider it extraordinarily murky. there is a jury verdict against apple. well, this is the deal. first of all, likely to be appealed. that could take 8 to 12 months. even if they won, 35% going to siac they bought the patents fr from. and i want it point out something else. there is ongoing royalties is the key thing. i think they look at unsealed document in the court case and realize what may be, may not be, what what may be -- appears to be is what really is. there is a lot more to the story. >> and isn't there also something with cisco going on? >> you know, i knew, i knew, i knew -- >> hello, mr. jim cramer. >> i knew, i knew. >> here. >> get the advantage. >> here. virnetx.

betting against this virnetx. cisco, i have no interest in saying that, but it is true. all i can say is that apple did lose and is a federal judge. >> and there could be a federal appeals judge which is a very different judge in this case. >> and is it better to win or lose? did apple win? you act like apple won. >> i don't know what will happen on appeal. >> they lost. >> i don't know if that will happen on appeal. >> this is in the scheme of things, not that important of a company but it's been a heck of a -- >> mad money recommended this is great call option play and i'm standing by that. >> good. >> okay. >> standing by that. >> brian, did you want to come in as well. >> yeah, i got a couple comment watching that. it's been a long time since herb's mic has been yanked like that and we have to have a new name for josh lipton. you called him j man. i called him iced tea. >> that is taken. he can't be iced tea two.

>> no, that's ice tea. this is iced tea. a play -- because he is -- >> oh, not a nickname. i'm sticking with the j man. sorry. >> it is definitely iced tea. i will call him iced tea and you can call him the j man and we will fight for eternity. >> very quickly, cramer, anything else you are watching we need to watch out for. >> a week ago people were telling you to get out now. they were telling you, look, this is the end. what were they saying, one-month-old fed minutes. i don't know, i was just spaking to the i goes on capitol hill. well, why is jp morn an growling if it was supposed to take down the -- towles brothers, lying. i forget why we were supposed to panic. >> oh, yeah right -- >> i have a serious question for you, though. >> okay. >> as we approach all-time highs. do you take profit now o things.

in order to want -- look, i don't like to chase, but where i'm struggling with taking profits is the transports are so amazing. when the transports are great, i feel em boldened. only things i see wrong are coppoect rht and iron -- >> what have the transports been a false positive? that h >> oh, they've been more of a true positive than a false posi.tf my career. >> if you look at bell weathers >> everything that is happening right now, because they're thinking of opening a rail line it take oil down to the gulf to the refineries, that stock huge. we have a lot of oil in the country. hoil is high, doesn't matter. i haven't recommended airline

any whole career. i like continental. i like it. can you believe it? i think u.s. air -- i can't believe i'm saying this, i like delta. >> and i feel like professional wrestling. >> wwe, i don't like that. bad stock opinion you found the one stock i don't like. >> by the way, that's one that could have upside according to people who watch it because of what is going on with their broadcast division. >> i also want to take you back to the very acquisition comment you made about dr. copper not looking so well. is that talking more about china's economy than mine. >> okay. unbelievable economic increase and he says commodities are going hard. mike sutherland has never gotten the market going. sorry. >> thank you for stopping by. have some cake and tea next time. maybe some iced tea. >> iced tea, from summit, new jersey. i love it. i just did that to be in your

face. in your face. >> thanks, guys. we are in the middle of a whale of a week. and the buzz earning right now, sector volatility. we also have with us, jessica borne. erica, volatility, why? >> you have seen it today with dollar tree up. target down. we are getting our 2013 outlooks for management teams. investors know that there is a llt of bad news but they also know that there is a lot of good coming in the way of kbrad you'll housing improvements. and improvement trends. and a is hinging on what management teams are saying and how they are forecasting the air. >> do you feel in terms of the forecast, it'll be increasingly murky. a little bit foggy. because we have head winds out there for the consumer. payroll tax hike. ga gasoline prices. is sequestration going to be tough to pinpoint.

>> given the way that retailers are really back end loaded. key one is the smallest quarter for retailers and we are talking about last year when february and march are be a normally warm. er with not seeing that again this year. so i think retailers don't have a 5 lot to go on from a weather perspective. and they certainly are trying to determine what is a tough comparison and then what the impact from higher bill roll taxes and over all political uncertainty. >> jessica, it is brian sullivan. i love your note because you said in the malls appear crowded and traffic is strong. are we overreacting to all these things. >> i wouldn't say it is overreaction. i think consumer is finally starting to feel that initial impact of the payroll taxes. we've seen a slight slow down in the traffic and sales trends in the last week but it did take uch until last week for us to finally see that. >> you know, jessica, fe are out to get a bit more stock specific

here we were talking about coach a moment ago. i understand you were saying, stay away from coach, why? >> we believe that coach is suffering from brand problem and for about the last eight years coach was the dominant player in this handbag and accessory market and now there is about five to six other retailers, such as michael kors, mark jacobs, kate spade and if this brand isn't a brand teens and women want it wear any more, that will pose problems in the coming year for them. >> thank you for joining us. i want to hit what is happening with market right now company currently in highs of day. 14,066. that is less than 100 point away from all time closing high on the dow hit all the way back on october 9, 2007. we are moving up by over 1% for all three ind sees. up next, why thinking

outside the box can could be the next big thing in retail. >> you heard the ceo on "power lunch." well talk more about the name but first to scott wapner on the closing bell. >> anheuser-busch is accused of watering down its beer. we will hear from a leader of the class action lawsuit against the king of beers. bob old steen has been bearish on the call he made months ago. after the bell, instant analysis of all of the numbers. "street signs" is back right after this break. with the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please.

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writing the next chapter for the rx and lexus. this is the pursuit of perfection. as you can see, dow is up by 167 point. this is the high of the day folks and less than a hundred point points away from the high we saw back in good old 2007. we see the nasdaq as well. that raises all of monday's losses. dow and nasdaq are up for the week. remember how much it was up on monday? now we are moving nicely into calmer territory.

brian, over to you. >> priceline ceo was on "power lunch" today. one of the big winners for investors over the past five years but for the past 12 months, pretty much stuck. off its highs from last year. where does it go from here in let's bring in tom white, internet analyst from mckrorry securities. what will it take for priceline it make new highs? >> we think trend are heading in the right direction. guidance is a lot bet are than expected, particularly on the top line. two main take aways or yes on-line travel mark set increasingly competitive and priceline is seeing pressure on expensis related advertising but it doesn't seem to hold the company back in terms of growth. unit growth accelerating to 38% year over year. with a company as large as priceline's, we think that's an impressive step. the company with growth markets in asia-pacific and latin-america are on the right track and represent good

opportunity pour priceline. >> with the gas prices or whatever it might be impacting consumer spending, is that a sign to sell priceline. ? >> any impact is something certainly watched. business is based in europe and other markets outside the u.s. in the past year, priceline's business has been resilient to europe. so we think that it emerged from the worst of that. obviously trend from the u.s. were something to keep an eye out. >> tom white, thank you very much. on proois priceline. see you soon. on this market, just over an hour left in this trading day. we are less than a hundred point away. >> i wish i could be there, mandy. if we hit an all-time high, i promised our viewers i would streak around the office in nothing but a red silver hat. guess what? i'm not going to be able to do

that. >> you can do that in washington -- >> yeah and that would go over well with capitol police. >> up next, we met the style nest your inbox. why it is the next big thing for retailers.

all right. this next story isn't a joke, but should be. it starts like this. washington is so divided, the political parties can't even agree on food. the public policy polling group asked voters what they like to eat. here is the break down by party. democrats like bagels and croissants, republicans dig doughnuts. demes like chicken but republicans like chicken from chick-fil chick-fil-a. republicans also felt olive garden was a a place it get authentic italian cuisine. democrats didn't agree. perhaps democrats are snooty on that one. if that story leaves you low, here is something to make you feel better. both agree it is coke over pepsi and both demes and republicanis say they would pay more at a restaurant if it helped employees get health insurance.

>> no here now with us, equities, peter kenny. peter, about a hundred points away from the all-time high on the dow. will we get there today? >> i suspect we will not get there today but close enough to where it will be talking point for tomorrow and friday. i wouldn't be surprise fed we do actually pierce that all-time high level. >> then what happens? sfrs. >> then it is a question of do we have the background, macro economic story to support the market. have the earnings to support the market. on february 7, i was asked to question what is the most important driver of direction for the market in the near term and i said flatly, quantitative easing. accommodative posture. i suspect we saw out of chairman bernanke yesterday, supports that thesis as we have seen this type of run-up. we saw yesterday and on top of that today. as long as that remains of buoyn the argument, and as long as earnings continue to support this trend, we could see that move through that all-time high

and end, though some choppy trading ahead of us, we could still see some move, substantial move to the uniside. i do suspect we'll see some headwinds in the form of sequestration conversation and much of those headwinds will resolve around washington. >> just to repeat with our viewers, within 100 points of our all-time closing high and the dow sitting at the highs of the day, i do believe. let's bring in jeff sort, a regular guest on cnbc. what's your feeling about the market right now and my same question to peter, where do we go from there? >> as you recall on the show beginning of the year i was talking about the back-to-back 90% upside volume days which are pretty ray, but they are exceptionally rare at the beginning of the year. ironically the last time you had back-to-back beginning days of the new year with 90% upside volume was in 1987. and the s&p and dow were up about 27% by the middle of april, and it looks like we're

in a buying stampede right here. it would not surprise me to see the dow jones confirm the transportation average which broke to a new all-time high in january. it would not surprise me to see the dow do the same thing in the next week or so, and that would reconfirm another dow theory buy signal which is what we've had for the past four years. >> jeff, i want to bring up a chart for you here. it goes back to 2009, and it shows that since then we've had four times or we have dropped more than 5% or more, right? we've fallen for a couple of weeks, couple of days, but every time we have reconnected and we have moved back higher. a, do you think we're going to do that again soon, and, b, if we did, would it be a healthy thing? >> i think it would be more healthy if you've got something like a 5% to 7% pullback. i'm not so sure you're going to get it here. this is, again, a buying stampede. this is the 40th session. it is the second longest buying stampede that i have seen in 42 years in this business. the longest one was 53 sessions

and that came between august of 2006 and october of 2006. >> i would like to know what if i was an investor right now, peter. what should i do? sectors? stocks? what do i do? >> yeah, i mean, i think you've got to love stocks and u.s. equities for a couple of reasons. first of all, on a relative comparative basis compared to debt, bonds, i mean, government is paying you very little to invest there. risk-off is becoming less fashionable. risk on is more fashionable to your guest's point about the buying stampede. that is what's part of what's going to fuel this push higher in equities. relative valuations, potential for capital gains, u.s. equities are the place to be, and in terms of equities, you've got to love financials if you're seeing an improving economic landscape. you've got to continue to love housing as we saw from the data yesterday morning. i think you've got to love manufacturing and energy. >> got it. gentlemen, thank you very much for joining us. and we're going to move now to something a little bit lighter,

okay? a personal stylist in your mailbox, well, it could be the next big thing in high-end retail. it is called cakestyle.com and this is exactly how it works. clients sign up on the wednesday inted a provide information about their size and style preferences. the client is matched with her own personal stylist who handpicks four fully aczez sesrized outfits and sends an outfit and video describing one to the client. the client has a day to try it on at home, keeps what she likes and ships the rest back free of trade. joining us now is the co-founder of cakestyle.com and the chief style overs and c.o.o. great to have you both with us. >> explain how it works. i would like to know why i should do something like cakestale as opposed to going to a place like sak's where they have a free personal assistant already there to assist me. >> is this a better option?

>> it is. our stylist services are also free, and can you shop cakestyle from the comfort of your own home so you can sit back and let your stylist pick out outfits, super convenient, on your own time, in the middle of the night. >> how many clients do you have so far? >> in the thousands. >> a lot of women have tried us out. really exciting and the response is overwhelming and it's thrilled. how could you not love doing it? >> for you guys it's like the perfect job. how do you stop people from getting stuff delivered to their door, trying it all on and going out and using it and then sending it back. it's a trust system, isn't it. >> these are higher priced point clothes so most of the time people are interested as investment that they want to keep and really interested in using the service. we haven't had a ton of problems with that which is great. >> are you the guys who only do something like this, or are you seeing other companies joining the bandwagon? >> other companies are doing it in different categories and different price points but we

are the ones doing it at this price point for the sort of high-end professional woman busy stay-at-home mom type. >> do you get it cheaper than you can get at the retailer itself? >> we buy it wholesale just like the retailers do. >> we work with over 100 designers, and we go to shows like a retailer would, and we decide what to you're ate and bring in for our particular clients so everything is viewed through her lens. >> are you worried at all in doing research for this segment i clicked on macy's site, right? and it already does something like this. i've got a great wardrobe for you. we can create styles for you. how do you compete with that? >> a lot of people are trying to do it. the way we compete is we collect hundreds of thousands of data points so we're putting technological spin on the personal stylist so we can better match a client with a perfect size and style, throw in a designer they will love and kind of like an algorithm like

pando pandora. >> thanks you both so much. the dow's within a stone's throw of an all-time high and the dow transports, considered a leading indicator for the market, having their best day in more than a year. will we hit an all-time high for the dow today? an hour and three plus minutes left. it's going to be drama for the next hour or so. all right. up next, could this be the worst single idea ever, or is it pure mad genius? we're going to have the story. you can figure it out for yourself. >> plus, a big sign of a recovery. delta dental says the tooth fairy left an average of $2.42, a lot, under kids' pillows, 15% from last year's average of $2.10 a tooth. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪

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