tech and education to ensure we do live longer with the resources we need. all of this certainly is an opportunity for individual financial management, as fink is encouraging owning stocks, but no doubt there are many investment opportunities. they could help you build the nest egg for what will hopefully be a long and healthy retirement. that will do it for "closing bell." "fast money" begins right now. welcome to the nasdaq market site in new york city. the rally's next leg. which areas could drive the bulls to fresh record levels. after hours action, shares of disney trading around 52-week highs. follow to see if it can deliver more magic to investors. and a surprising trepe ining tr in the markets.

first, to our lead story, the dow closing above 15,000. finally. we finally hit that round number. all the guys here have been putting on their party hats all day long, throwing the confetti. popping the dom pergnon. >> it's housing and jobs. every piece of economic news is soft, at best. housing and jobs number were good enough. the market shrugged it report today. i don't know what else to say. it's a round number. >> it's a whole lot of don't fight the fed. the reserve bank of australia, one of the few central banks that showed fiscal discipline cut rates to record lows there. you're in a place where you now have the japanese, australians in addition to the ecb. people can't fight this. when you look at cds spreads and where the biggest contagion fear

could exist, you're seeing people look to go into cyclicals. there is probably debate whether to do that. >> trade the market you have. this is the market we have. >> this is the market you have. i'm long my google and my apple. i'm still long in the energy space, pxd. you want to be long the overall market until the market shows you something. not breaking down. 1576 line in the sand, 1600 the round number. you could still leave it until 1576. >> a couple of things. >> you were done. >> okay. >> now he's done. >> you mentioned round numbers at the top of the show. prime number. that being 47. can i give a happy belated? >> happy belated. >> thank you, sir. that's nice. that is why i was not on the show yesterday to avoid this. yet again.

thank you very much. >> we talked about it for what. i'm with steve on the down side. 1570 is my number. moving up from the 1520 level. 1570 as long as we stay above it. bull market intact. the internals favor a move lower. i haven't seen it yet. it's coming, just not yet. >> the problem is when you talk about rotation, there's always going to be some sort of rotation. how long does it last? xlus. they wound up selling them, but now you look at the chart. they bought them going into the bell today. >> you bought them yesterday? >> i'm long southern. for me, i'm staying long utilities because the search for yield is not over yet. >> let's get to our top trades. >> tim mentioned at the top of the show the reserve bank of australia can cut rates. every central bank in the world is basing their currency or cutting rates, yet gold won't go higher. this was the last straw. i shorted gold this morning at about 8:30 this morning, $14.52

on the august contract. it's a great risk/reward area here. i can use 1500 at my stop. >> i think the aussie dollar has gone lower. back to europe. i think you buy the cyclicals. you buy the dax trading at 15.5 times. siemen is your biggest bellwether and industrial. four times debut yield. about 11 times next year's earnings relative to a ge. >> do you have a trade on mercado libre? >> i wish i did. >> around $104 we started to fade. this stock really at 50 times earnings, i like to talk about it and some valuation discipline, but it's like amazon. don't chase the valuation. e-commerce in latin america is alive and kicking. >> if you're a "fast money" fan,

you would know on april 22nd when the stock had a monster day to the down side on huge volume. for the first time now in almost a year we liked caterpillar. that turned out to be a low. traded down $79 and change. i think the company has issues. i don't think the mining sector improved. the stock has giddyap here. $10 later i think it's a buy. >> top trade? >> long google. google is creeping to $1,000. i do. guy said last night there are five reasons you buy google. maybe another ten behind the first five. how about that? >> how about that? let's talk jcpenney here. >> it was a surprising release minutes after the closing bell sounded. jcpenney prereleased some unaud tid financial results. here what is we know. in the fifth quarter under the transformation plan, jcpenney's

same store sales down 16.6% year over year. first quarter 2012, comp sales down 18.9%. i guess that's an improvement. revenue coming in $2.63 billion versus expectations of $2.74 billion. jcpenney says the sales decline in the quarter is partially attributable to construction activities in connection with the home departments in 505 stores. cash and cash equivalents, 821 million. this is down from the $930 million we saw at the end of the fiscal 2012. total debt, 3.81 billion, that includes revolving line of credit they tapped of $850 million. jcpenney notes the results of the quarter reflect its prior pricing and marketing strategies which are being changed under new leadership. the full results will be released after the bell on thursday may 16th. that it's first time investors will hear from the new or old ceo mike oldman. the next morning they will hold a shareholder meeting in plano,

texas. >> thank you very much, courtney reagan. what is the trade on jcp in a world where down 16.6% on comp store sales is a good thing? >> it's counterintuitive. you would love to short the stock. i think it's wrong to short it here. it's got room on the up side. broken company. that doesn't mean the stock can't go higher. we see it time and time again with a number of different companies. we just talked about caterpillar. that's somewhat broken but the stock has done well. not unlike hewlett-packard in november. own the stock here. >> talk about the markets here. what will drive the next leg of the rally? we are going off the charts with founder and president of eagle bay capital. want to look at the s&p 500. while focusing on the dow and 15,000, what traders like to look at, professional investors like to look at s&p. >> sure. we think this breakout last friday above 1600 was a big one for s&p cash.

i think that's a big line in the sand we feel more comfortable being long above that. there are some extensions up above 1636. that it's first target. then the measured move based on that last consolidation would take us to about 1660. we don't see any reason why if the sentiment remains this bearish, why we can't see 1700 this year. >> bearish meaning contrarian indicator. you could see 1700 but 16 0 is the next step here on the s&p charts? >> most it hated rally of all time. 1636 is the first target. 1660 after that. to the down side, we don't think the 1600 is the end all/be all. we think the 1775 which was mentioned earlier and even the 1538 is big-time support, as well. after that we'll start to get more worried. >> do we need to see a sustained sector rotation into cyclicals? do we need to see the gains in materials and decline perhaps in

health care and utilities? >> cyclicals have not been participating. in the more resource areas, they've been declining. down here we have the underperformance of the material space, industrials, energy and technology. up above has been well documented. the outperformance out of utilities, out of staples, health care, we definitely want to see rotation onto some of these underperforming areas if the s&p is going to continue higher. absolutely. >> a rally cannot be built on gains only in the defensive sectors? >> we need participation from the other guys. those four sectors represent 40% of the s&p 500. it's important they participate. >> let's look at the stocks above the 200 day moving average here. this is key why? >> this is a market of stocks. this is cliche, but it's true. these are the two previous declines in the market. these were 10% corrections. if the entire market is participating and 90% of stocks are rallying and are in up trends, in all likelihood the market will continue higher.

it's difficult, if not impossible, for the market to decline if 90% of the stocks are in uptrends. >> you're obviously bullish on this market. i want to bring in the bear. >> let me ask you this. anybody who talks about fibinachi is all right in my camp. talk about cyclicals versus staples. last year we had carter worth on. he had the exact opposite conclusion. he said the divergence between those two would end up with the market going lower. what are you seeing that's different than what he's seeing? >> cyclicals versus staples haven't broken out yet. if you look at ratio of the consumer discretionary xly relative to consumer staples xlp, it's been bumping up against this resistance three years. here is that key resistance at about 1.4. here we are approaching these levels higher, low, higher, low, inevitably in our opinion, we think we break out and that's

positive for stocks. >> the other part of the bear argument for people technically is that this rally has come on very little volume. there's been very little support with what we've seen, yet we've got an s&p as high as i've seen in a year. that scares me very much. we haven't had many holidays, people have not been participating. what do you do with that? >> you mentioned volume. i've been hearing about the lack of volume four years now and here we are at all-time highs. in regard to the relative strength index, we've seen bearish divergences relative to the s&p 500 for three, four months. that actually broke out today. >> some of these low volume moves have come with nasty high volume pullbacks, at least temporarily that have taken people out. you can't say low volume move is something that suddenly on the aggregate four-year move, sure. you can't tell me low volume move to the upside is something you can feel okay about. >> to your point, if you look at the russell 2000 specifically, on the recent declines in iwm, volume has been off the charts.

record high volume on the declines. here we are sitting at all-time highs. >> we'll leave it there. thanks for stopping by. >> thank you. >> guy, is it possible the s&p 1700 by year's end? are you a buyer in that? >> you know my view on the world as i say all the time, some what apocalyptic. there is nothing to suggest we want to go lower. you could see 1700. when this ends and it's going to end and it's not going to be the five day percent decline people talk about. you should wish for that. it ain't going to be that. >> pop and drops. we kick it off with a pop for yahoo up 3%. >> people forget about this is a big part of their earnings. ali babba came up with big numbers overnight. this is why you own yahoo. >> drop for blackberry drown 5%. >> looks like pacific crest agreed with the bearish case on the street fight last night. they said blackberry is going to have to decrease their production because they can't sell their product.

what a shock. >> even with the van. >> even with the van. >> if you listened to my van story, you would have known this already. they couldn't give away to folks. >> abercrombie up 6%. >> when it trades down everyone says it's an l&b product. people are excited about the stores and the merchandise. you're okay to stay in the name. >> drop for anadarko down 1%. >> this makes me afraidy scared. almost up to 90 today. same high we made early 2012. be careful being long the stock right here. as a matter of fact, i think you can play it on the short side with a stop on a close above 90. >> pop on directv up 6%. >> they reported earnings about $1.44 a share. that was versus the $1.09 the street was expecting. a lot fuelled by subscriber growth in latin america.

583,000 new ads versus 505,000 expected. another adder to the growth here was $1.8 billion in share repurchases. total net income was actually down year on year. obviously, things are still looking good with that subad. >> a pop for abba. >> what? >> it's been three decades since the iconic swedish group broke up. one city is opening up an abba museum. the official exhibition opened up in stockholm today where "dancing queen" fans cans view memorabilia and sing along with the band. abba sold 73 million albums since its inception in 1972. >> rocking. >> how many times have you seen the broadway show? >> "mama mia." >> any time i can get on line and get cheap tickets, i go there. >> i love abba. and elvis costello said abba was a big influence on his music.

>> vladimir putin loves abba. be careful. >> that's true. >> coming up next, after hours action, the latest development from the disney earnings call. the new gold rush emerging even though prices are down. traders steve and tim square off over an insurance giant in our street fight. why this stock could be a liability for your portfolio. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies."

welcome back to "fast money." jpmorgan helping to push the dow past that milestone level of 15,000. 15,000! nice round number. jpm up 11% year-to-date. who's got a trade on jpm here? >> i tell you what, i don't. i've got a trade on the european banks which has been painful and showing gains on the trading side. hsbc with big numbers today. all the european banks higher. that trade is starting to scare me. >> you like jpm? >> if i had to buy a bank, i guess that's where i would go. >> that is a ringing endorsement. >> exactly. if i'm looking, i'm with tim on looking outside the u.s. now. you have a name here that is up

11%. i'd rather look for some value elsewhere. we talked about mexico last night, talked about brazil. those type of banking areas is where i want to be involved. >> let's get a check on shares of disney. julie joins us with the latest from los angeles. julia. >> it's no surprise that ceo bob iger is pleased about these results. beat on the top and bottom line. he kicked off the conference call talking about the fact the company, all five of the divisions are showing revenue growth, but also about "ironman 3." he said as of now, it sold more than $711 million worth of tickets worldwide. a massive opening for "iron man 3." he went on to talk about the potential of marvell and what a great acquisition that was. also lucas film saying he is confident he will be able to drive great value out of that acquisition. big focus of the earnings call and results were parks and

resorts. there was a 14% increase in p revenue and in operating income in parks and resorts. thanks to higher attendance and higher spending of people once there in the parks. he says part of that is a stronger economy. they noted some interesting attendance records saying the domestic parks, attendance up 8%. another is the media networks division. it is the biggest and most profitable division at disney. one quick note about advertising revenue. espn is the big driver of those media networks. advertising revenue is only up about 4% in the first quarter. they say so far in the quarter we are in right now, ad revenue is up 10%. that bodes well for the rest of the year. >> julia, thanks for that update. what's the trade? >> you want to tweak it a bit. revenue on the media networks is light. that's the only criticism. the quarter was fine. the pattern has been to own disney into earnings, get out of

it before earnings and wait for the sell-off. that's what i think we are on the verge of now. i'm not saying short disney. what i think you'll see is another buck, $1.50 on the downside and buy it again. if you looked over the last 18 months, that's the pattern. >> let's get to our street fight. this is a good one. bloody, in fact. insurer aig having a strong run but the rally could be in jeopardy after goldman sachs cut the stocks rating from neutral to buy. grasso is the aig bull. >> even in goldman's piece this morning they were positive on the name they looked for a price target of $46. it's below that now. even the negative is a positive. you have to look at it as a property casualty, not a credit default swap any more. it lost 94% of its value, i don't care. it's a different company now. you have to look at all those gains were levered gains. it's a real company. long as they concentrate on

their core assets, it's a property casualty which we'll be paying a dividend sooner or later. i'm bullish on the name. >> property and casualty margins which have been good and the reason the stock has gone higher have been priced in. an evaluation fairly priced. the facts stock is down 4% is why you never buy this company philosophically and on principle. this is a company that as their life insurance and investment incomes going down because there is a total yield compression globy, that starts to get me concerned about a company that totally abused their balance sheet and put us at risk. that's not what we are talking about here. that is a different company. >> it is a different company. >> we are talking about a company overbought. it's i been a bounceback trade. a company who is up 8% since earnings. goldman is making the right call. not necessarily a big sell. all the money that was going to come into this should be rotating out. >> still trading at 12 times. it's not as if it's blown out on a pe ratio. >> lower roe than its peers.

i don't know there is a lot of good here. >> on a day you see goldman negative on the name, the stock still performs well. >> time for the verdict. to tim's point, aig has been a hedge fund favorite. do you want to get into this name? >> i'm with the birthday boy. no. for similar reasons as to tim, the fundamentals, he makes a good argument. on the fact that you talk bear stearns, lehman, talk whatever you want. it was aig that brought us to our knees. philosophically and emotionally is hard to wrap my arms around it. >> that is a big part of the trade. you do want to be with a momentum player right now. it is a momentum player. it hasn't run out of gas yet. go with the tape. >> i was undecided before coming in today. after a very compelling argument i go with blue steel. grasso made a great argument,

but the stock is starting to go parabolic. >> just like the market. you are negative on the market at 1550. somebody hit a rim shot. you have to go with momentum. that's what we all learned. >> i'm not saying -- >> all right. enough! stop. stop. >> i'm done. >> yes. all right. so on the desk, tim wins. we want to hear what viewers think. tweet us @cnbcfastmoney. there may be vindication, steve grasso, with the viewers. >> maybe. maybe not. >> maybe. i did say maybe. next trade rating group popping to a three-year high on back of bank of america's settlement, as well as the capital injection. the decline in lone delinquencies pushed shares up raidian up 400%. in today's session, we should note raidian with ago and other mortgage insurers did have a pop

today because the thinking was maybe there is a deal for them a la mbia. >> there were big shorts in the past. they are lower-priced stocks. with bank of america deal, people didn't expect bank of america to take that stake in the company. that is what juiced this. it's hard for me to say up 15%, up 45%, buying a stock, i don't think you do that. you wait for some kind of pullback. it might take a couple of weeks for a pullback. >> that's exactly right. until this short interest which stands around 27% into today gets somewhere into the low teens to maybe single digits. this is a stock that can continue to go higher. we talked about it last night. jim cramer has been talking about it for months. rdn at $13 is probably still a buy here. >> the surprising trend precious metal dealers are seeing when it comes to buying physical gold.

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so you want to protect your place from burglars? buy a lock. buy a dog. mow the lawn. get a sign. hang curtains. plant something thorny. buy another lock. and, of course, talk to farmers. hi. hi! ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ welcome back to "fast money." herbalife is in the green here in the after hours. here is a headline. carl icahn increasing his stake in herbalife from 15.9% to 16.5%. again, icahn raising his stake. the subject of a big debate between two big debates, icahn who is long and bill ackman who

accuses the company of being a pyramid scheme. >> icahn bought more than 611,000 shares. stock closing today at the regular close $43.01. up in the after hours session. >> when i was younger, it was a game show called "press your luck." no whammies. >> loved that. >> completely rigged. >> radio show? >> no. i dig carl. beard looks great on him, but i think he's pressing his luck on this one. i'm convinced mr. ackman is going to prove to be right. not to say the stock can't go to $45, $46, but i think it wasn't about this quarter, i don't think that is about the trade. i think this stock gives up the ghost. >> when you say that, are you saying you believe that this is a ponzi scheme? >> i guess i have to believe that, yeah. >> if you're you canning company

on its fundamentals. >> clearly, i haven't done the work on it. i know how efficient and how much work goes into his work. i can't believe for the life of me after six months to a year digging into this company, he's wrong. >> it doesn't matter what the reality of the situation is. >> agreed. that's my point now. carl can be right for the short term. i think ackman will prove me right in the end. >> if you look at what carl has done just even with herbalife and broaden out to all his other positions, he's going after names with big short interest. that's what he's trying to do is create these squeezes. this has a lot of headlines and publicity about it. he could create a short squeeze here. >> let's move on and talk gold here. did gold ever lose its luster? gold and silver prices seeing big declines in 2013. physical demand at record high. what is behind the disconnect? let's take a deeper dive with scott carter of lear, the biggest seller of physical gold and silver to investors.

why is there a disconnect? that seems counterintuitive? >> i think what you see is investors that thought they might have missed the price before and saw the price drop in april and this was an opportunity for them to get in the market. we've seen a big bump in investors wanting to add to their position or jump in the first time. in addition, you saw the u.s. mint announce they are running out of supply. demand at the mint level for coins, demand at the retail level in our business is at an all-time high right now. >> is there a lag time? i would imagine physical gold is driven -- correct me if i'm wrong, driven by retail investors or individual investors as opposed to institutional investors who probably don't want to store physical gold at their pension fund or whatnot. there is a lag in terms of eventually catches up with the price of gold? >> i don't think so. i think you have the biggest physical gold buyers are central banks. they've been net buyers of gold since 2010. this year alone they bought 54

tons. they are not buying contracts. they are buying the physical gold. you have large institutions as well as individuals, which is where we work with on a daily basis. i think the demand on the physical side is very high, but the paper market drives the price. the securities are going to have much more impact on the price you see on the london fix than the physical buyers on a day-to-day basis. >> i guess if the physical market, if the paper market is doing that, doesn't that reflect the actual supply and demand fundamentals? and investor perception of that? so it seems to me who cares about whether or not people are buying a bunch of gold coins because the gold price isn't going up? >> further, aren't etf backed by physical? >> they are. it's a great point. they're a leverage fund, as well. it might be a function of timing. if i set the gold price aside

and just said, what are the fundamentals of the market, you have governments printing money, negative real interest rates, you have debt going through the roof around the world. all those factors long term are going to be bullish for hard assets, especially gold. what you see is the physical buyers who are long-term investors buying and holding. i think you see in the paper markets much more of a liquidity and fluidity. they're in and out of contracts and are not taking physical possession. >> we'll leave it there. thanks for your time. >> thanks for having me. >> scott carter of lear capital. apple shares hitting a key level. how it could predict the stock's next move. the breakthrough which could change the way doctors treat a common form of cancer. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom.

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so exciting, dow 15,000. welcome back to "fast." verizon up 2% today helping push the dow up past that 15,000.

would you still chase verizon after this run? >> i would. i will say and this is something i'm sure i said in the street fight where i was negative on this company, i think the sweet spot for their earnings and margin powers last year. i think there is a lot of pressure, a lot of competition. they stopped subsidizing in the same way, but i think people are chasing yield. this is still a place where you've got a company that is growing and is not a valuation you're chasing. >> let's move on here. prostate cancer is the second most common cancer in the united states with about 1-6 men developing the disease during his lifetime. this year nearly 240,000 men will be diagnosed. prostate cancer varies greatly. current tests can't distinguish between the more aggressive forms and harmless types which may lead to unnecessary treatments and serious side effects. a breakthrough could be on the way to change that. joining us is the ceo at genomic health. great to have you with us. >> thank you. >> explain the technology that

makes this test unique and able to distinguish between the more serious and less serious forms of prostate cancer? >> we do work across three different cancers. breast cancer, colin cancer and now prostate cancer. our work involves doing an individual signature of each patient's tumor to determine the aggressiveness or behavior of their tumor in an effort to help them in their treatment planning decisions. >> this is going to hit the markets some time at the end of the second quarter. could be a matter of weeks here? >> that's right. will be hitting the market soon. we are excited to have the data presented from the validation study we just did with collaborator at ucff. >> what do you anticipate to the size potential of this drug? do you think it will be a block bester? >> there is a huge need in prostate cancer. many say it's the largest need in medicine today for men's health. with over 240,000 men diagnosed each year, about half of them will be low risk patients.

the problem we have today is most of these men are going on for aggressive treatment to include surgery and radiation. with those treatments comes life-long side effects that are life debilitating and life-changing. the goal behind the test is to be able to figure out which of these 100,000 or so men that have low-risk disease can confidently select active surveillance as their mode of treatment versus going on for aggressive surgery and radiation. >> is there a bigger market for this or is this simply for prostate cancer? can you use it for other types of cancers? >> the approach has gone across three cancers. we are looking at hundreds of thousands of patients diagnosed with early stage cancers. definitely as we look to the era of being able to sequence the human genome and understand the biology of disease, we are seeing biology matters. to look at the biology of an

individual tumor is hugely important in augmenting the tools we have today and really individualizing cancer care for patients. >> is there any advantage, kim in this test in how the test is done? is it less invasive, less painful, less costly than the tests currently on the market? >> the main thing is it's not an invasive test. we take the tumor tissue that is extracted from a patient's needle biopsy. one of the important things about this test unlike others is that we can do the test on the needle biopsy. one of the issues that we had to date is that some of the tests that are available can only be done on a protatectomy. then the damage is already done. all the side effects are with the patient the rest of their life. it's critical when we began working on this test we were able to do it out of the needle biopsy so men could make this decision around surgery prior, with the needle biopsy prior to

having to have the surgical procedure. >> thank you for joining us. >> you're welcome. >> our fast breakthrough for this evening. it had a huge pop after its earnings, not because of the earnings but this drug would hit the market soon. the knock on this stock is that it trades at a 170 pe. >> this is astronomical. don't understate how important this issue is. it's multigenerational. there is tremendous ability to diagnose this or monitor it before you get to a place where you have an advanced stage. that is one thing why the valuation to me is still surprising. it's fantastic, obviously, what they are doing. there are ways to diagnose this well before you have to have much more aggressive types of surgery. >> cisco due to report earnings next week. >> what we saw today was a lot more calls trading than puts.

specifically, the ones most active were the may 21 calls. these expire a week from this coming friday. after earnings, the options market is implying about a 5% move. the buy was toward bullish bets. they were paying about 35 cents for the 21 straight calls which suggest the stock could rise maybe as much as 5% or more by next week. >> cisco, big move today. you like cisco? >> i don't. it actually, i don't like the movement. i don't like the last couple of days to two weeks. i don't like the price action. i probably wouldn't be in the name. there are so many other places to be. >> next, dow 15,000. where hedge funds see stocks going next. and the new spin to an earnings conference call. one hint, involves social media. maybe the twitter. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪

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they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. welcome back. the salt conference kicking off tonight in las vegas. some of the biggest players will be there. what will the hottest trends? do they think the market can go beyond dow 15k?

joining us is anthony maraguchi from sky bridge capital. i would think a lot of hedge fund managers feeling pressure in terms of performance? >> there is no question about that. these are the types of markets where you see the articles in the newspapers saying bad things about hedge funds. they'll never be able to chase liquidity-driven market like this if they have shorts on their book. this will be one of those things people talk about out here, but there are guys like lee cooperman, dan lobe, guys like paul singer. they do very well in market environments like this. they have a tendency to be opportunistic. they've accepted the fact that the fed is now in the ballgame, increasing the monetary supply the way it is bodes very, very well for stocks here until the end of the year. >> you mentioned dan lobe. i'm sure a lot of investors want to hear what he has to say. he is scheduled to give a talk

tomorrow. give us some scoop here. he will talk about japan? >> yes, he is, actually. i talked to dan last night. we've gone over his presentation. i'll be interviewing dan tomorrow from the stage. japan is a fascinating place because the gdp to debt ratio is 205%. it's on its way up. they have a declining population, but a very aggressive government right now. there seems to be very good near to intermediate term opportunity in japan. i think dan will address that in front of 2,000 people tomorrow. we are excited to hear from him. >> anthony, ultimately you're talking to the retail investor and giving them an opportunity to invest in some of these managers through your products. we've been talking about gold, buying gold coins, retail guy. where are we with this group of people? where are they making allocations? people think if the market is going higher, it's not hedge funds, it's retail. >> on the margin, i think we are

continuing to gain assets on the margin. it's a 5% to 15% allocation with the hedge funds. with the memory of 2008 where we had a down 50, down 60% market. xls financial services was down 73% in 2008. i do think you'll still see incremental asset allocation. it's not super big despite the press and media attention. $2.7 trillion is about the size of fidelity. i predict you're going to see more assets if we're sitting here, if i'm lucky enough to be sitting here next year discussing salt 2014, i think you'll be talking about a larger hedge fund industry than today. >> anthony, have fun out there. sounds like it's going to be a great time. >> we miss you out here, melissa. gary is whining at the pool

right now. those very funky, ugly 1970 style sandals. >> not to mention the speedo. >> not good. >> got to leave it there. anthony scaramuchi from sky bridge. top investors, lee cooperman, brad berning and josh birnbaum. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine.

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shares of apple trading lower despite a new vote of confidence from david einhorn who says he is buying more of the stock. has apple run its resistance here or poised to break out? >> incredible move higher. it still has a lot more steam left. i think we are unanimous across the desk thinking it moves higher. i'm holding mine. i think it makes the climb back to 500. >> i think it's going to take a couple of days to break the 464, 465 level which there is major resistance. then play it up to $505. you have to start thinking whether the best is out of the stock for now. >> i think you have to ask yourself, is there another product coming out there? they learned when they

introduced the iphone 5 it cannibalized their iphone 4 sale. i wouldn't be surprised to see a surprise from apple over the next quarter or two. >> really? that could be a catalyst. >> i think it's broken this trend line. i think $450 is your support line. i think it's going to trade back down below that but you trade it against $450. the risk/reward sets up okay. >> taking a look at whole foods. >> whole foods reporting after the bell. ripping higher in the after-hours. beats on the bottom line. same-store sales up 6.9%. so far this quarter up 9.4%. raised its range for the year to basically in line with consensus. $286 to $289. announces a two-for-one stock split. >> guy, i toss it to you. after the last whole foods quarter, stock traded lower. you called it pretty correctly, actually. >> not bad. i think it traded down about 85.

i said it will be right back to 100 which was close. it took more than a few weeks this. happened time and time again with the stock. huge moves to the down side followed by huge moves to the up side. people will start chasing here which was wrong to sell it at $85. don't let the stock trade you, trade the stock. if it trades up to $102 tomorrow, if you were into it $85 or $90, get out tomorrow. >> let's get to some of your tweets. is it breakout time? >> it's broken out already depending what time frame you're looking at. if you look longer term, looks like it's had a nice base, bounced off $10 for the last couple of years. that seems to be decent support. got to love the gorilla glass for a guy who breaks phones all the time. >> guy. first boston, please advise. >> the killer was his stock pick trade when we did the draft.

bottomed out $19.50. i think the business is troubled. i think the stock might be okay for the short term. >> what is going on with molly corp or other rare metal stocks in. >> first of all, this is a market where people thought the chinese would pinch the rest of the world and squeeze everything higher. that is not the case. other people can get in this market including the russians. these guys report on the th. i don't know if i would do anything before this number. the implied one-day move is north of 10%. the beat and miss kind of volatility in there usually ends up being 40% or 50% on either side. mostly to the down side. i don't see a lot of light for these guys. i wouldn't be there. next, the winner of our street fight according to you. plus your first move tomorrow. [ male announcer ] my client gloria

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at ducktherapy.com. we want to know who won the street fight. grasso wants to know if he is going to have a good evening or bad evening? tim has won. the victor. let's go around the horn here. >> i like long calendar into

deere earnings next week. >> look at cotton. >> happy birthday, tim. >> baidu making a move through the 50. >> see you back tomorrow at 5:00. 5:00. mean time, "mad money" starts right now. know . my mission is simple. to make you money. there is always a bull market somewhere. and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, just trying to make you money. my job is not just to entertain you, but to coach you and educate you so call me at 1-800-743-cnbc. where is the supply? where is the stock that's for sale? at what levels? believe it or not, that is what everyone in the big