>> okay. marissa mayer about to give that fire chat. we await marissa mayer. see you tomorrow, everybody. good night. >> life at the nasdaq site in new york's time square, this is "fast money." real returns in real estate. it's probably twrour biggest investment. will rising rates kill the housing rally? citigroup's real estate joins us with tough investment ychltdz bubble or boom? facebook? yahoo, groupon? oh my the high flying internet stocks can't be stopped. we will tell you whether you should follow suit and diplomacy trade, syria is the wild card shaping up the commodity markets. we have a special guest trade tore make sense of it all. i'm mellissa lee.

we are trading tonight with karen finerman, dana than. let's get rate is to the big story "fast" is following tonight. the september rally the dow and s&p on track for their biggest weekly gains in more than six months. so should you stick with what's working or is this bull running out of steam. we are also awaiting marissa mayer to take the stage at the tech crunch concert. as soon as she does, we will bring you there live. in the meantime, we couldn't help but notice, yelp, facebook, groupon, new highs in today's session. >> to me, when you think of these four letter names up fabulously to date. that is obviously speaking to a risk on environment. it doesn't exactly speak to breadth. there is one of the things, we saw some rotation, added some different yielders, the yields just started going up over the last couple months. to me, i think we have a situation, a technical situation here the breadth is improving as

the s&p is getting back to those highs. we sold off and now we're up about 4% from the recent lows in a straight line. what will be really important here is if we continue to make higher highs here. so we're 2% away. if the breadth continues, we see more participation in the sick lick also and industrials like we have seen, we will see new highs. >> what took us down in it was syria, taper to start, then syria? syria has come off the table to a certain extent. don't think we're a little toppy there? >> listen, the equities are telling us they can hand wela 3% yield on the ten-year right now. to me, if it speaks to better growth going forward. we are starting to see global growth come back, that's the last leg of this thing. that's what breaks us out. >> a couple we are seeing in equity, the vick's being below for the session. gold not moving, oil up for the first time in a few sessions.

renee, it seems like all arrows are pointing to this global growth story on this belief we will keep going higher. >> i think it could be a little buy the room or sell the fact. we are, it's a multiple expansion more than earnings. so we're looking at gold medal to basically come back down. we're looking for several commodity, even though this growth is coming off the bottom, still to sell the rallies. we think we're also in an overvalued zone on the technical basis. svp subpoena to 17, 20, it looks toppish. >> are you using this low volatility index to start henling your positions? >> i would like to extend, during most of the trading day trgs volatility index was higher. it sold off at the end. i feel like this bull run is getting topped in september. so i want to get more protection and with the vicks coming in tend of the day, i will look at that. >> you are looking at trim.

>> you have to be trimming. most hedge funds are getting desperate, chasing performs. >> that's why we are seeing the groupones, the groupons? >> they're chasing these risky assets. look at coal, look at steel, these are names that had spiked. i think you should be selling those right now. >> selling themment would you sell names? i know you are not an equities trader, are the fundamental also there to support a run in some of the metals? >> i think it's a short covering rally. i think we have a little ways to go. i would sell into strength. china is coming off the bottom. so people are saying, hey, everything isn't as bad as we think. let's buy. are you right, hedge funds have underperformed. they're chasing performance right now. >> you know, renee brings up a really big point with gold and crude and everything else coming in, what happens with taper, if bernanke uses this, now that brings crude even in more and gold even in more. >> yeah, i think we have a real

problem here if i'm making the bullish case on this desk. >> it is shocking when it came out. >> listen, to me, i think what's going to happen is what has been telegraphed is taper will be really uninspiring. here's bernanke focused on his legacy here, right? he has to start it. if he doesn't start it, someone else will be in control of it. i don't think that's what you do after you spend the time that he did on that committee. >> let's get to what was not working today. our buzz kill, apple, the stock two g its worst day after five new iphones. apple disappointed with no mention of anticipated carriage deal with china mobile. that's not stopping carl icahn from raising his take in the company. take a look at what he told maria on "the closing bell." >> we got in the 467 range, 466. that's not to say it won't go lower.

i mean, i don't really look at it from day-to-day and we don't try to fix what the market's going to do. but i think if they do a big buy back, it will be a major plus. i also think the products were pretty good. i think that they're going to get a lot of business from china. >> the products are pretty good and a lot of business from china. you know at that china event, they didn't actually have anybody from the company speaking there. they sent a videotape there. >> they have a miami problem. they let the rumors get out of hand. last week we talked about this. this is why the stock was pinned at 500. they got that china mobile announcement. it didn't come. that was the risk in the stock. to me, i think you have a situation, mr. icahn is probably correct, there probably is more downside. it hit that 200 level to the dime, 50-day moving average. >> that itself the exact spot icahn had that twitter about where he said he was locked. kind of interesting. >> kudos to guy do.

i says 461. he said 465, i think he was closer. >> karen finerman. >> yes. >> using weakness to add to your position? >> no, i'm not. you know, it's a frustrating one. it sort of presents its own. i kneel the stock is very unrelated to fundamental also and what's happening in the company. if you look at valuation, it has been that time some time. i don't know that it's going to change. i don't really agree we dan, i don't think it's the company, it should be their focus at all to get in front of the rumors or that kind of stuff. i think they need to focus on making the best products they can. they shouldn't worry, really. >> do you feel like they're doing that in. >> do you feel the products that came out, lack of trying in. >> i wasn't overwhelmed by the products that came out yesterday. so that was a little disappointing. >> karen, they're losing right now. this is a big question. >> let me ask you thisle. >> they're losing to china, last quarter. we talked about this on the desk, in their fiscal q 2 they lost 4% market share from 5 to

9%, 20%. >> amsung pickled up that share. >> they're losing there, it's big. >> plet me ask you, whether or not the rulers of what they're going to announce, i don't think it should be their concern of trying to get in front of those. the business, they have to really focus on that. remember, though, who is the very biggest buyer of apple? apple. so they have what $37 billion left in their buy-back, it wouldn't be shocking to me at all if they're loading the vote. >> that's a floor for the stock. but what's a catalyst higher? it gives you a floor to shoot against. traders tell me what to do. >> you are looking to buy apple off of growth, apple off of products. you are not looking to buy apple off of buy-backs. i know you are. >> no, no, i agree with that. >> at the end of the day, carl akunne is not there to tell the story. he's there to see if there is value there. yes, there is value there.

dan, and guys like you and i are talking about, you need someone to get excited. samsung has if phone choices, the screen choice, they do everything that apple is still not doing. >> everything you are saying. >> all right. we got to take a break here. but we will bring you live coverage of marissa mayer's tech crunch interview next. i've been doing a few things for a while that i really love-- tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. tdd#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#: 1-800-345-2550 they helped me set up my platform the way i wanted, tdd#: 1-800-345-2550 from the comfort of my home. tdd#: 1-800-345-2550 and we talked about ideas and strategies, one on one! tdd#: 1-800-345-2550

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. >> welcome back to ""fast money."" we are live at the nasdaq markets. we are awaiting marissa mayer of yahoo to take the stage in san francisco. as soon as she does, we'll bring that address to you live. meantime, let's talk about the internet stocks which have been on fire this year. we got names like yelp, leveragedin. should you stick with these winners? eric, great to have you with us. >> hey, mellissa. >> do you buy what's working still even with these tremendous games so far this year? >> i think you do. although, i think the next ten days, two weeks, are going to be the ones that you have to worry the most about.

i think if there is a pullback on some kind of reaction to a tapering news, these names aren't going to get hit. i think definitely going into u 4, i think all of these winners will continue to run. >> basically, you are worried about the macro-picture. it's nothing fundamental about any of these stocks? >> no, they're all on fire because ever since the facebook earnings have been out in july, everyone has woken up to the fact there is this huge migration happening, very quickly, faster tan we thought through mobile. so any name na has big exposure to mobile is participating. >> i want to turn to yahoo, since we are awaiting the ceo to take the stage. you have been there quite some time, even before marissa mayer took over there. at this point with the stock up so sharply, up 47% this year. up 26% in the past six months. isn't all the positives, the

japan the ali baba, isn't that baked into the stock? >> i don't think so. there could be 10 or 15 bucks left in the stock over the next six to eight months. i think there is three things that could happen to make that possible. one is that the ali baba ipo is beggar than most people expect. most think it will be worth the 6 to 7 billion. it wouldn't surprise me next year if that thing was trading over 100 billion andrea hoo will keep a chunk of that. second, is that there is a good possibility there will be some kind of tax free transactiont. the ceo at yahoo ted goldman kind of hinted at that at the last few months. that would be an enormous surprise to the street. finally the corn business, people like to complain about i. i think all the bad news, even if there is more bad news that comes out, it is being priced into the stock. if we see any kind of surprise from tumbler in the next three to six months, i don't think

anybody is expectings that. >> facebook, yahoo, groupon have had a nice run, of the three, groupon seems to have the business model potentially the most challenged. how do you think about that? >> well, i think groupon is actually the name, container that gets left out of the discussion of mobile. it wouldn't surprise me at all for that per ception to change over the next little while. pause in the last quarter, over 50% of the fern transactions that folks did it with groupon were through mobile. so they are going through this shift from this sort of waiting for an e-mail once a day model to where people are actually walking around and accessing groupon, to kind of get more into what's going on with their local commerce. and if they can make that transition and they can continue with these mobile trends, i think that's the reason why the stock has been running. i think the stock could have a lot more upside and break $20 over the next six months. >> eric, as we a ray waiting

marissa mayer, what happened about a year ago at the last tech crunch when he did the fireside chat. his chat is scheduled for 5:55 p.m. eastern time, which we'll be carrying on cnbc.com. do you see that as a game changing moment? do you think chatzky why the shares went to new all time highs today? >> i think that's part of it. i think it's more of a question, especially with the results from apple yesterday, i think there were institutional investors making a decision in their minds, hey, do i re-allocate money to facebook awhat i from apple? i think goggle has been flat since those july earnings from facebook for the same reason. people are sort of saying, hey, it's time to get on this train with facebook, you seen that momentum building over the last few weeks. >> the last question, eric, that is, of those momentum names, if you are inclined to take profits on one of them because you are

perceiving the biggest decline in these trainering kind of days, which name would that be? >> i think yelp or zillow, smaller names, i think they're much more affected by any kind of pullback. it gets much more magnified with them. >> great to speak with you. thank you for your time. nathan, what are the options market saying about these momentum internet names? >> you are seeing a lot of price action that is related to that option buying, upside call buying. one of the things interesting ability yahoo we talked about. you mentioned mobile. yahoo is doing nothing good in mobile. they missed this boat altogether. to me, mobile is a buzz word. don't go buy stocks because groupon says 50% of their transactions are on mobile. >> that doesn't mean they're monetizeing them better than they were before. so you want to see, one of the sustainable business models right now. yahoo is doing nothing to prove they are dealing with the shift

of the migration towards mobile usage. >> pops and drops, the big movers. you have to drop your potash down, 2%, steven b from i do believe the cartel comes back. i am long. i think they can close the gap increase dramatically. >> pandora up 5%. >> if pandora had a dollar every time ira said it would kill it. it would be at 52-week highs. there it is, pandora has 200 million active users. this one probably has some legs. >> gmc up 2%. karen. >> yeah, this is a name we like. i think it was off yesterday at the goldman conference. good growth. they're doing great execution. we like the name. >> pop for coffee. renee. >> we think we are bottoming, we are coming in prime roaster season. in addition, there was heavy selling of coffee at the brazilian reale when it got up to 2.40. we are recovering on.

prime roaster party at his house usually in november. >> a big cakecup, guys, though. >> a lot of beans. >> netflix down 1%. >> the company was downgraded basically on valuation. they did in,a deal. >> mike, sorry, we have to go straight to marissa mayer at the tech conferencelet listen in. >> it's amazing what they're doing these days. so, first of all, before we talk about the logo, i'd like to get your autograph on this whole vogue thing. so, first of all, i've never opened a "vogue" magazine before. >> it's a book. >> it's a huge book. >> i gave up. i couldn't find the article. there is no table of contents, my friend spent 25 minutes going through each page. we finally found it, though. i just want you to sign it. would you autograph this for me so i can have this forever? whoa, please. >> sure, why not? >> just on the part where you

are laying upsidedown on the chair there. >> so the back story is, the back story is that they actually sought me for about two minutes sitting upright and then the photographer came over and basically said, honestly the article is about leadership being in unconventional forms. like this is entirely too conventional. would you please move upsidedown? i said, sure, and it worked. so that's sort of the back story of what went on there. so. >> well, that's awesome. we will talk about this every time i interview you for the rest of our lives. so i wanted to get, i obviously wanted to get it. i actually wrote this, where maybe both of us could be in the yuch sidedown position during the interview, but we won't do that. back to the logo. so what the f -- happened here,

right? >> well -- >> i should say that i like the way the logo turned out and i like the way that we did it. to me, we really pride ourselves at yahoo as being the world's largest start-up. we're a big and established taken company. we need to be entrepreneurial. we didn't have an external firm, we didn't spend millions of dollars. we did it in a way that came from a very authentic place. you know, for us, what the brand is about is about the products and having the best products and user experience. that's what we really want to shine through. so that's what we're focused on. worry happy with the logo. for us, the focus is on the product. >> fair enough. how long before you change it do you think? >> i think the interesting thing is one of the thing that causes it to happen is the logo, most logos get changed a little bit

all the time. yahoo didn't change its logo at all for 18 years. so we had basically 18 years of pent-up changes and small changes you don't even see each day when they happen. so from now on, what we will do is small iterations over time to keep the logo fresh and country. we basically got into a place where 87% of our employees wanted something difficult. our users were mailing in saying your products are beautiful, like the logo feels clunky, when you get to that point when your brand and your logo, which is a manifestation of that doesn't match the products, then it's a problem. >> all right. i'm going to drop that. you were honest about it. i thought you were going to start talking about math like in your tumbler post. even though we can't see it, it's actually beautiful. but, no. okay. here's something nice, so you have been a ceo for a

year-and-a-half, it a year and four month? >> a year and two months, yeah. >> so stock prices doubled-ish about $14 billion in stockholder value that wasn't there before. that's really good. is that something, though, that you think you deserve? it's how have you earned that? >> i think certainly some very smart investments that i owe to my predecessors, very notably jerry yang's investment in ali baba that people are excited about and also ja hoo japan which is a joint venture for us, something dave and jerry started in the early days. i will say when i look at the state of what we're doing inside the company. i had said it would take multiple years, by that, probably three or more to get the company going in the direction we wanted to, having the growth be at the rate we want it to be. but for me, it's really a chain reaction of four things, hiring

the right people, having them build the right products, getting to that trend in the traffic. because traffic ultimately leads to revenue online, we're doing really well. >> you said four things. >> products, people, products, traffic and revenue. >> okay. >> and the interesting thing is they were a chain reaction. you have to get the right people there before you get the right products. the products have to be good, otherwise oois users den come and use them. once you got that use annual, can you use that especially in advertising business like what we run to actually attract more advertisers and gree revenue. so we've had a modest year of grooet in 2012. it all goes somewhere. this year, you know, we've had a nice stable year so far. ideally, we are hoping to see some growth this year or next year. but on the people, we are seeing really exciting things. we have done a lot of acquisition. that's brought a lot of talent

to the company. even second from the acquisition strategy, we now get 12,000 resumes a week t. reason that's a fun number for sus basically the company is about 12,000 employees right now. >> okay. >> so basically for every job we have, we get a resume each week, with i is up dramatically by a factor of five or six from before. >> okay. >> before i was there and before july, 2012. and, you know, our attrition is down markedly, down to a factor of three or four attrition. so we got people there. i have been really, really happy with the team i have been able to join, how the people are. how many new people all the time. >> how many exyahooers have you rehired? >> yeah. we call them boomerangs. in q 1, i think 14% of our re-hires are bomberangs. q 2 is 10% to date. we actually had a lot of college

grads who can't be boomerangs by definition. over the course of the year, it's been about 10% of our hires have been boomerangs, which is great. on the products and traffic side, we are happy, monday we we are lease 5d new product or revamped product yahoo screen. it has a saturday neat live air kief and the clipts, south park. jon stewart, stephen colbert. can you watch these all on yahoo now. in terms of traffic, the one thing i am happy to anount today is that we have actually passed 800 million monthly active users in terms of yahoo's global audience. that's core growth. that growth actually represents 20% since july of -- >> so that does include tumbler? >> it does not. >> so where are these people coming from? >> we are seeing a lot of use annual on mobile, 350 million monthly users on mobile him we

are seeing a lot of usage on home page, mail, search, or core properties. you know, my strategy has really been to be focused on the daily habits, the things that people use every day, search, maim, the home page, news, sports, finance, et cetera, and we really have been seeing people responding to the way we have been strengthening and redesigning those products and investing in them. >> can i apologize? there is 40 people here taking pith. they follow me around all the time. that annoying, i don't want that to distract you. >> i know they're setting up for who is next? >> oh, no, i think they're here for you. it's some interesting cameras. i didn't mean that in a weird way. are you a little morphotogenic, i think. we talked about product. so your traffic is way up for unknown reason, i mean the core products. i don't mean that, see everybody thinks i mean it in a mean way,

it's exciting and i promise, i'm going to go to yahoo. i did go to yahoo for the new logo thing. i. i have an e-mail account. i will start seeing how that works out. >> well, we appreciate it. i think that mail has been, we see a lot of market over the past year. you will see more. >> it has to be hard, though, right? you came from google and you were there for the beginning. google is almost effortlessly gets tech, praise. and product praise, to a company that had some really hard years where you had to you probably have to fight harder than ever to actually get any kind of attention on these products. it must not be fun sometimes. >> i like hard work. i would say, for the, i love the goal. i was there for 13 years. if you told me, i would be as happy anywhere else. i probably would have doubted it. i am as happy if not happier at yahoo. so it's been a phenomenal experience. i'm not saying it is hard work. but i love hard work.

i love big challenges and it's a big challenge, but i got a great group of people we assembled and we were there already, that are really rising to the challenge, it's just been inspiring to be a part of. okay. all right. do you think that this crowd is a crowd that you can get back to your products? are you starting with mobile on that or? >> so it's funny. i'll start, so from, if you count mobile, pc, weather, mail, fantasy football, everything, how many people have been to yahoo in the past month? so it looks like it's about half, maybe a little more than half. so i would argue that in many cases, we haven't lost those users. we just want more of their time and attention. we think we can give great tools that really help. yahoo, the core comments have been about org uniteding the web and helping people how to figure out how to spend tear time. i think some of what we are working on now, for example our news stream that organizes all

the news stories on our home page, we have one of the most sophisticated personalation algorithms that i've seen to date. i think i'm really proud of what the team has done there. i think we're just getting started. i think at its core yahoo is obviously an advertising driven company. we are really a personalization company and we're about having the right content and advertising for each of our users. there is a lot to do for those who happen on the site once a month, once a week, in terms of giving them more reason to come back and spend more time on our site because they find great things there. >> do you shop and mail? >> you were listening to the ceo marissa mayer, the stock not moving too much on the session on some 069 remarks so far, a couple highlights here, yahoo has surpassed 800 million active monthly users, not including tumbler. we got some colorful language which we apologize for.

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>> welcome back to "fast money." we are live at the market site. i want to take you back to san francisco for the marissa mayer interview at the tech conference. let's listen in. >> are you happy that baum mer is leaving and are you and who do you want to be the next ceo? say your biggest partner? >> i will say from my now almost

15 years in the industry, obviously bill gates and then steve baum mer have been huge fixtures in the industry and i think i really admire what steve and bill have both done and microsoft in terms of what they've built. i think that this is an interesting time for microsoft and i think that, you know, i don't know whatter that board is considering. when i look at their product lean, i see a lot of strength in the enterprise area. windows, office, what the association with those products look like. so one of the things i've come to appreciate, i do think that consumer executives and enterprise executives have different traits and instinct. i would hope they are looking for people really strong because i think a strong microsoft is good for the industry overall. i think that that's helping to build on their strength and core competencies. >> would you like to sew gates come back? >> i think he's a phenomenal leader.

i think that there is nothing quite like the passion of a founder in terms of the leadership overall, but. >> you are turning no a real diplomat. i'll tell you that. being ceo means you have to say things more carefully than you sometimes used to. but i'm not commenting on that other than that. what's your biggest weakness as a ceo? what do you suck at the most? you clearly have things that are great about you that everyone understands. but what are you terrible at? >> i think i have been really lucky. there is a community i know many of the ceos in the oughtience feel it ranges from start-ups to big companies, but there is a community of ceos, we do see each other and i have been lucky to have some of the greats from silicone valley over the past year reach out and give their advice. one of them said to me, it's shock. the things that's shocking over the ceo role is how few decisions you actually have to make.

you have to make them exactly correctly and exactly perfectly. >> okay. so like on the average day there is no decision that you really need to make. you can come to your team. if it's a coin flip, it's probably okay. every now and ten there is a decision. sometimes it's obvious, sometimes it's not obvious, that really matters and needs to be made absolutely correctly. i think when i hold myself up to that lens, i probably should be making fewer decisions and while i try and identify what those big decisions are, i don't think i've missed any yet. i do think that, you know, it's hard to say, okay, what are the really big decisions that need to be made absolutely correctly? >> you don't think you made a single bad decision? >> i'm sure i have. i don't think any of those will be say make it or break it in terms of whether yahoo returns to growth. >> if my only goal is to get the company growing again. in that perspective, your job as

ceo is to grow ref now. in that quest, there is very few dumber decisions that you need to make, that you need to make them perfectly. >> okay. all right. >> i think that remembering that each day, not getting pulled into the fray of a lot of decisions is something i would hope i can get better at. >> what are you doing to protect us from tyrannical government? >> i think that agree with a board member and a good friend. i agree with what he says. so i'm not going to repeat that. what i will say is i am really proud. i can't take credit for it. i am proud to be a part of an organization that from the very beginning in 2007, with the nsa and prism has been skeptical of and has been scrutinizeing those

requests. in 2007, yahoo filed a lawsuit against the new patriot act, parts of prism and fisa. we not that. we were the key plaintiff. a lot of people wondered about that case and who it was. it was us. >> you lost. >> we lost. >> not you. you weren't there yet. >> right. the thing is when you lose, the way we to the we lost, if you don't comply, it's treason. >> treason? >> now you are going through the process -- >> we will go to a short commercial break. we will bring you more coverage when ""fast money"" comes right back. you can catch this interview live streaming on cnbc.com. wroik. .

welcome back to "fast money." look alt men's warehouse, disappointing second quarter results. the ceo saying at a press release, retail sales below our internal plan as we experience a decline in customer traffic. we believe this is primarily due to macro-issues affecting the

retail space. karen, you were recently in men's warehouse, you are out of it now. >> joseph banks, which, you know, in this same space, certainly, we saw joseph banks report, a year or two ago, they had weak earnings as well. though i imagine it will get hit off this men's warehouse, across the board in retail. >> we do see joseph a. bank down on the back of the men's we'rehouse news. we do want to bring you back to marissa mayer is talking about mike zucker burg on facebook. let's listen in. >> that's sad. >> i think that. >> everybody should have a super power. >> i think that one piece that i would like i think i'm able empa thiechlz i think coming into yahoo, the company had been through a lot of fur meanwhile and turbulence, getting to

empathize with the employees, understanding what the state the company was in, see a path for how to make it there to realize we had to make it there together as a team and that wasn't going to happen if i connell pa these and be a part of what happened to them even before i got there. >> all right. >> so i think, i don't know what people would say, i would hope if i had a super power, it's probably empathy. >> thank you so much. it's great. also, you are giving us so much time. you are staying helping to judge as you always do the finalists. it's great. thank you so much. >> thanks,. >> all right. you have been listening to yahoo ceo marissa mayer talking about a variety of things, including the number of applicant she is getting for jobs at yahoo. also the headline this afternoon, 800 million monthly active global users. not including tumbler. she says most of that campaign was from mobile, home page, maim and search the core business here. we are seeing yahoo shares up a

bit in the afternoon session. this is a stock that has had a momentous gain in the past six months or so, up 26%. dan, how would you play at this point? we had dan jackson on. >> getting credit. i know eric. he has been will since it bottomed out in the low 'teens. when you back it out to when microsoft was trying to buy them, it's right there in a massive, massive technical level. so you could see, the ali baba is guided up the value of it. you could see with the littlest fundamental improve him, you could see the stock break out. >> she's so dam likable. people make a bet on her. they're willing to put their money on the table. i think the stock breaks out going into ali baba. >> it continues. i still think it moves higher. >> we should point out facebook ceo mark zuck zuckerburg will take the stage at tech crunch.

we will bring that to you, meantime coming up, we will unveil where global head of real estates raise. we come right back. stay tuned. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪

. >> welcome back. how big a risk to dale rate pose to recovery? where are the plates to buy right now? tom, great to see you again. >> good to see you. >> you think things will slow down a bit because of rising rates. it doesn't mean you can't make money at this rate? >> i think it's true. i think it's impossible if rates rise. it's not a perfect correlation. if they go up another 50 basis points the damage on the residential side and commercial side is probably limited. if we approach it 4, 4.5%, ten 84 down the road, then it will have consequential impact on rising demand as well as dmeshl real estate values. >> i think on the residential

site, are you right. do you find that on the commercial side as well? >> i think the dmeshl side is arithmetic. the cost of capital in real estate is the cost of good soul because it's so capital intensive. the cost of debt is a primary component investors have required returns and expected returns and when you start raising the costs of debt in commercial, it has a two-fold effect. one is it's costing you more in debt service. the other is, you can borrow less because a given income stream can always support a certain amount of debt service. so your proceeds go down and the costs go up and ultimately that does factor into gross asset values. >> let's talk about rates. because that's the way most people at home are investing in real estate. you like office malls an apart buildings. what sort of thing that connects these? >> i think what i like more

specifically in the reit space are the reits with the best management teams with the best marks with the best assets. i think quality. >> give us an example, let's say new york, what are, within new york what are some of the best properties and assets, et cetera? >> well, in the public reit market, clearly boston properties is a leader in the class a market. bornado has a strong portfolio of both office and street retail, which is very valuable in new york. and sl green dominates a growing subsector, with i is really the class b, b-plus market, where you are seeing a lot of tech growth in terms of absorption. >> tom, we unfortunately have to leash it there. we have a lot of head loins out of san francisco. tom flexner.

let move on, talk straid trade school. one of the other projects renee was involved in was the gaulteir university. the center symposium is coming up october 10th. speakers include our own brian kelly. renee, this is very interesting, it talked about if not just how women trade, how men trade, taking sort of the best characteristics of both to make the best trader. >> it's a global macro program. this is a macro program to learn all asset classes the interrelationships of asset classes. we say it's a female centered trade skill. no. 1, global macro-101. knob two the behavioral aspects of trading. the differences between men and women. >> such as. >> statistics that women

basically don't sell at the bottom nearly as often as men. they trade less in fewer names, a less diversified book. it's a statistical fact. studies done over the past couple 82ers that over the long term females tend to outperform. now the study. >> she's phenomenal. >> the second will say, oh, it's because women don't take as much risk. that's an oaks moron. that's absolutely not true. women take as much risk. i have been trading 30 years. i've had fe pail trader, male traders. what they do is have a little more proactive management. obviously, it's an opinion. but we don't trade as often, again, in a stereotypical way and so we don't, so there aren't as many mistakes. in addition, men tend to react to statistics and data, so if you combine the both the best of both worlds with the way men

trade and women trade, we have the perfect process. >> a super trader. for more information about the gaultier symposium. check it out on the web. more final trades right after this. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today...

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you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪

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>> i'm picking ge on the long side. >> renee. >> i'm picking coffee, prime roaster season. >> karen. >> bac. bank of america. >> trim your positions. >> i'm mellissa lee, thank you for watching. meantime, don't go anywhere, "mad money" with jim cramer starts right now. >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's 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. i'm just trying to make you some money. nigh job is not just to entertain you, but teach you so call me at 1-800-743-cnbc. the first rule of growth stock investing,