the year. that's why we're seeing a little out of the selling going on. what's setting up for interesting q 2 and 3. q 1 is the gestation period for low oil prices to rip through about 7 to 8 sectorings of the s&p. so if you position by getting long again, not energy but everybody else, i think you are going to really like the outcome next year. i'm bullish on equities because of oil. >> good the to see you kevin. lest get to the halftime and the judge. welcome to the halftime show. let's meet our starting lineup for today. jim laic j jim, and jon and pete najarian.

and josh brown. >> crude reality, cheniere energy ceo in a cnbc exclusive on how low it may go. the markets to own and avoid in 2015. we begin with the continuing, stunning and sharp selloff in oil. today touching a new five year low only adding to questions how long stocks keep rising if crude keeps dropping. at what point does the drop in crude kill this rally? not one of you have suggested it will. are you changing your opinions. >> no. in the post crisis period we've endured a crash in just about every single commodity there is. gold and corpper or wheat and

coffee. it if you look at the correlation between crude and stocks it is nonsensical. there is no rhyme or reason. in june the correlation was.55. right now it's negative .55. there is no match you can craft here. so while there are legitimate concerns about the cost of financing in the junk bond market and how that could possibly royal some of the other marke markets adjacent to it. there is no way you could say there's been any match-up between the two. it's give and take, here and there and inial that changes it is a false narrative. >> what if it is more and growing evidence and a building story of a potentially dangerous, deflationary environment around the world and potentially here as well. >> and that is the bear case. i don't buy it though scott. >> not to mention a fed that might be late to the party.

>> yeah well. >> late leaving. >> to answer your question, i think when it's -- it is not a sign of weakening demand. you have a u.s. economy going gang busters and the other two large economies, chooip and japan are major energy importers. particularly japan after the fukishima disaster. this helps the economy quite a bit. a large economy benefits. will it kill stocks? only russian stocks. >> the second worst week of the year for stocks. you're still bullish. >> i am. >> the market doesn't want to hear it. >> maybe at the absolute its if you take it in pieces of time over the last couple months and look at when oil has dropped we've seen the market pull back. then we see the market move back to the upside. july until now look at the s&p versus oil. it is very correlated in exactly

the time frames of huge sharp drops, we will see the market drop but then overall the s&p starts back up. you can see the outperformance, where oil is down since july. we're just coming off the 2065 which is near the highs. >> and other side as well. stocks are only 3%. let's not forget that. however the market can't seem to shake off this drop in crude. >> so what? it's two days, three days. we didn't droop overnight. it took place over five months. stocks have been up four of the last five weeks. this is a pull back from an all time high. it doesn't meant it won't continue or get worse. but again we're a little early with this new theory to describe two days worth of action. >> that's it. it's two days worth of action. reaction from the energy

component and the s&p 500. however if you said where are we going to be 20 days from now if crude oil is 57.50? we'll be significantly higher scott. we're not going to see crude oil falling by 2 and a half, 3 dollars a day. and if you do believe that out there, you should be short crude oil. >> we you didn't think we'll be here. >> true. >> we keep going lower. >> but to your point we're only 3% off all time highs. >> and two weeks ago oil dropped 15%, the stocks finished up 1%. >> --. that person profited mightily into the opec meeting in vienna. now what you have judge is a stealth impact stimulus going on. two of the biggest economies in the world by the way and then you could throw in india as

well. so india china and japan getting a huge benefit here. and yes i know that crude oil is priced in dollars, scott. but in europe it is not like since the drop has happened that the euro has just fallen out of bed. it's been 123 for weeks now. so they are getting the benefit of the lower. >> the bond market is not telling you anything? -- >> -- >> 211en the ten year. >> you're absolutely right to bring it up. i think that is a reflection of the european woes more than anything. and europe, we're going to get to february/march before too long. when the whole sanctions thing started happening with the ukraine. and in terms of gdp i think you see europe growing again by the summer of next your because the comps so are easy. >> when the shocks hit like today.

down 200 plus on the dow. all related to oil in my opinion. because of that that means there are stocks getting pulled down because when it flattens for a while we'll see those stocks go higher. >> if our first guest is worried he certainly isn't showing it. not only is tony dwyer an unabashed bull, but the biggest on the street. predicting stocks will rise 15% between now and end of next year. tony welcome back. >> thanks scott. >> i hate being the biggest bull for so many years running. >> no you don't. because you keep upping your price target. >> well my earnings are still too law and multiple expansion are too low. and the last two times you had a price collapse of oil. one was 1986 when in four months went down about 70%.

and saudi arabia did it on purpose because of non opec producers and you had higher unemployment in oklahoma and higher unemployment after texas being in great shape. the other time is the 1990s. and both of those periods you got significant multiple expansion. and i think the one thing we've learned here is how many pension funds have moved that you are money into overseas assets, which is underperforming and commodities, real assets that are significantly under performing. so if you are a pension plan in the united states of america and you have to make 7 and a half%. how are you doing wit the debt only running 1 to 2% for the year and negative return in commodities. >> you and any other bull can make a very compelling case. i'm suggesting the dow is down

233 points. up yesterday. almost gave all of it back. can't get out of it way because oil. >> is it a fundamental trade or a structural trade is the question. the problem in energy isn't necessarily the oil price. it is its impact on credit. 17 percent of the high yield benchmark index for high yield is energy. it's making spreads go wider. that's what a lot of the institutional guys i talked to are really fearful. >> the high yield upset is starting to make it onto the front page and higher in the head lines. >> correct. so does that mean we're going into the credit crisis recession which creates negative earnings, therefore negative stocks. and if you have deterioration and delinquency rates, if you have deterioration in high yield investment grade cd fs and other measures. if you have default rates back

picking up. we were there in 2008 look at it. the problem is all the credit metrics that we can find outside of the energy patch there is nothing indicative of negative earnings coming up. and my 123 estimate for s&p 500 earnings is assuming we're going to have a continued slow growth international environment which is why i'm below the street on earnings. >> so between now and the end of the year do we have a another big powerful run left in us? >> i wish we would. >> you -- >> -- >> this is like the most important point i think i could ever say on tv. our targets are useless. i know my target is useless. but if you pull up a chart of the s&p operating earnings pe or

all technicians in this business if anybody on that desk or reasoning to this show says they would short the chart of the operating earnings pe then i would challenge them. the question isn't what the target is it's what the -- >> it's a strong case. i give you credit for making it and standing up for what you believe. >> happy holidays everybody. >> questions, comments, complaints. >> well we need targets. >> let's give him props. hes trying to get the direction right. he realizes that nobody over a two week or two month period is going to get the exact number right but he's making the bull case. one thing i don't know why all of us aren't stressing this more. consumption is whatever it is. 67%. and we're going to have a lot more disposable income at the single most important selling season of the year. this is positive.

>> pete you made the comment this creates a lot of opportunity. i want to know where. >> to your point there is more cash in our pockets. >> retail. >> it goes right to retail. you are right and i look at why is costco down today as much as it is. there is one great example of when a stock actually should be performing and it is not today, there is an opportunity. >> and judge, i know i ring this bell all the time. kors. michael kors not the molsen coors. people feel better. this is something that consumers feel better about all the time because they see it all the time. if you actually moved your interest rate on a credit card, it might impact your more but you don't see that every day like you do with the gas prices. >> coming up, did you see the slide in crude coming. our next guest did. >> some companies are clearly

concerned that the price of oil could go dramatically lower. >> i think it could. >> really? >> yes. >> could it go to seven? >> yes. maybe even lower. >> the ceo of cheniere is back. exclusive interview and it is next. gopro in the green after an upgrade but is now really the time to buy? the bull and the bear on this desk ready to face-off. we're back on the halftime show after this. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro.

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you're still watching the halftime report. an update of what's going on here with regards to the disruption that we've seen in heathrow airport in britain. basically the third largest airport in the world and we heard around an hour and a half ago that air space has been temporarily closed. looking at big delays over britain according to heathrow, officials had been suffering because of a power outage and thought it could continue until 7:00 p.m. local time. the national air control group put out a statement saying the system has now been restored.

it is going to take time for operations across the u.k. to fully recover. they are asking passengers to check in before they go to the airport. we've also heard from our own producer they have now started boarding flights and seeing movement but they are asking passengers to stand pat. it's very embarrassing for the control system group because just a year ago, exactly a year ago on december 7th last year you saw major disruptions taking place at the same group. more than 300 flights canceled. hundreds more delayed and this is buzz because of an up grade to the communication system. ryan air holdings very quick out of the gates talking how it's unacceptable that it dropped for the second time in 12 months. again all passengers make sure that you check with your flight before you travel, at least if you are going here to britain.

>> thank you so much. perhaps some good news, things getting back up to speed over in london. let's go a market flash now for a look at what is moving right now on another busy day in these markets. >> we're watching shares of general electric, still near session lows. but the company just announced it is raidsing its quarterly dividend to 23 cents a share. that gives it a yield about 3.7%. ge's ceo does shea they want to point out there is thinkeir sevh dividend increase in the last five years. >> the drop in crude oil and it's impact on the energy industry continues to weigh on the minds of investors. prices hitting a the fresh five year low earlier only adding to questions about how the industry's key players are coping. sharif souki is the ceo and

co-found oer of cheniere energy. great to speak to you. >> thank you. gooed to be here. >> by virtue of what you told my friend gjim cramer not that lon ago. how low are we going to go? >> we probablied the passed the inflection point but we're going to keep looking for the level at which people actually stop producing and as of last week the rate count had not dropped. so i don't see any sign of the moment that we've reached that point here. >> so the bottom is not in sight. >> not for the time being. >> the concern for your business is that a drop of n crude oil could lead to a drop in lng production. that is the fear. separate fact from fiction. what is the truth. >> we're mostly about cheap

natural gas. oil has some impact because it is an alternative commodity and a an alternative method of pricing but even at these levels oil priced natural gas on a global basis is only marginally cheaper than natural gas and this is a moment in time, if you take it over a 20 year period where all these utilities make their commitments, it is a very long-term. and 90% of the time you are going to be better off buying cheap natural gas. >> as crude oil continues to go down though the cost advantage of lng shrinks. >> for a week. it doesn't last for 20 years. and you would be hard pressed to find a utility on a global basis that is prepared to take a long-term bet on oil prices remaining where they are today. >> let me read you something you said two months ago regarding oil. would still need to come down significantly from where they

are today to have a impact on the natural gas business. oil might be more kpet fif prices came down to 60 dollars a barrel. >> yes. >> here we are. >> so you might find somebody who preferred for the next shipment an oil related price as opposed to gas related price but as for the same person to make a 20 year commitment they will not yet go there. >> you sound optimistic about your own business and the proof is in the pudding. i was literally going to ask about this project in corpus christi at this facility if you were going to be able to get the financing for it that you want. not 30 minutes ago your stock was halted for news pending in fact that you have arranged for the financing. i find it interesting that you are being very aggressive in the market when ore others are stepping back. >> it is a long-term gain and you make decisions for 25, 30, 40 years sometimes.

all our contractings are for 20 years in an industry that changes every five years. you have to be able to take the long-term view and stick with it. >> i'm surprised i haven't heard you say so what about oil, the key play for you is natural gas at 3 and a half dollars here in the u.s. sells for $12 btu in japan or china or korea. >> it is a long-term basis. you are giving options to consumers around the globe that really could not rely on anything but oil index price as shortly as five years ago. >> there was some talk earlier this week about bills being introduced in both the house and senate that relate to loosening up restrictions on oil prices generally, maybe even possibly

gasoline. is that feasible that you think politically that has a chance of passing? and if it does what does it do for prices years off. >> first we ship gasoline now. there's no restriction on exporting product. only restriction in shipping crude. and in my view it's absolutely inevitable because we are netting in a situation now where the major change on a global basis today is what happened in the united states. and we still don't understand it very well. two years ago people didn't believe it and now all of a sudden we're adding a million barrels a day every year. and there is no sign as to when we are going to stop doing this. the potential is enormous. we are going to see two things that are going to continue to happen. one, a change in productivity, where it is going to get cheaper and cheaper to produce oil in this country, and two with, oil prices coming down costs come down. so we don't know where the equilibrium price is in the united states. if we don't export, we are in a

confined market. very soon we're going to saturate our ability to move the stuff around within the country. and to refine it within our own refineries. so we're going to create a bifurcated price between the global price and the domestic. so you are sitting with wti at 50 and brent starting to go back towards 100, it's politically unsustainable. >> the high yield market. possible credit event as a result of what we're seeing. are you at all worried about what's taking place in high yield? >> no. because somebody's problem is going to be somebody else's opportunity. you definitely will have people who are going to get hurt over the next couple years. i don't think immediately because right now everybody is hedged through 2015. so they are going to look still reasonably well for 2015. but when the hedges come off then you are going to start to see some difficulties.

but it is going to be localized to people who didn't plan very well. on a global basis its means that the assets will continue to be here. somebody will pick them up and the production will continue. what we're going to see is a slow down in growth. it is going to take a major move to see a stop in the growth. all we're going to see is a slow down if for the next couple of years. >> so for those in your stock and others for a nice dividend of some 6%, any chance o at all of a cut in a dividend? worrying about keeping as much cash as possible on hand? investors feel that's secure at this point. >> frustrating for me that after all this time people still misunderstand our business model. we sign long-term agreements for 20 years for people who pay us a fee to provide a service. we have no exposure to old prices for 80 or 85% of revenue.

we so far $5 billion in revenues per year for a period of 20 years and those are solid revenues. they are not changing. there is no risk for our business model. maybe the small percentage, 10 to 15% of capacity that stays floating in the market for safety purposes gets less money or more money, that doesn't -- that is not the basis which we finance our projects. >> i think perhaps investors are taking heart in your words today. because your stock which was lower before you came on this program is now at the highs of the day up better than 2 and a half percent. so maybe easing fears that have been in the market. >> you need to invite me more often then. >> fair point. it's good to have you on. >> thank you very much. >> happy and healthy new year. >> same to you. >> the co-founder and ceo of cheniere energy. let's trade this space. >> well i love it. and i'm surprised also that so

many people misunderstand his space as far as that hedging, judge. it is not like the airlines and so forth where some people don't hedge at all like american airlines right now. but in his space and cheniere this is a great stock. and it's no surprise with the confidence that he showed that the stock has moved like this. >> it i'm not so sure it is about misunderstanding the fundamentals. i think sentiment is the driver of the near term. and if people are lightening up on oil exposure generally they probably only cherry picking each story in a broad sense. they year just saying, you know, i'm 10% i'll. i'd feel better at 9. and stocks get sold in a basket. and it happens all the time. >> that's opportunity you look for. i'll give you a great example today. look how the airlines flipped around today. and everybody is saying well oil's gone down. suddenly they're pulled like the rest of the market because the s&p starts to pull everything

down including the airlines. so again there is an opportunity. >> coming up, why is jon najarian, doing his happy dance? oh please. >> oh good lord. >> he is pumped up about unusual activity from yesterday and it is not time for a victory lap yet. but first goep pro is bouncing k after yesterday's dive. will it continue or has it found its new cruising altitude. that's's next

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let's debate it. log on to cnbc.com and help us decide the winner. pete is the bull. jim is the bear. 90 seconds. pete make your case. >> what makes me most excited is going into this quarter. we've had a big downside. i've owned it since 7 2. so this is this has been painful for me. but what excites is what comes this quarter. what comes is the new products and higher cost and margin they are able to get i think is a significant driver. international expansion as well. they are talking how they are going to be launching into the china. there is a lot of different reasons. i even go back to the content. they will monetize content in a big way i think going forward. >> jimmy, go. >> i'm with you. the j.p. morgan report has above estimate earnings for 2016 that at the current price has them trading 50 times 2016 earnings. if you buy a stock at that level there has to be a mote to

competition. here is where i differ from my friend pete. i don't think they have a mote to competition. i'm not being totally sarcastic by saying i could duct tape an apple to my helmet and make a gopro. i think apple is going to do something to these guys and take away what little mote competition they have. >> i'm not sure i agree. people say gopro and know exactly what that means. i think that obviously there are others out there that would want to try to get in there. i think they own the space already. i think they are already expanning and do go after brand initially where that growth is. when you look at the videos and the growth they have had year over year not only in the postings but also in the watching is significant. >> bear case wins according to the people. want to swing it on the desk? >> i'll surprise you probably more than jon will. i can't take the bull side. i love the product. i i've said this before.

that is broken momentum stock. you have to let this set up again. otherwise you are just blindly taking stabs in the dark. all of the bull case. >> sure. the -- >> hang on. everything pete laid out is true. i totally agree. it hasn't mattered and i don't know when it will matter. that's why i follow price and not narrative. >> good point. who are you siding with? >> i like it -- at this valuation it is still hideous. however at this price i think you will find people wading back in. and it's just a question of when do we get over some of those moving averages that josh has talked about. >> stabilize. has to stop falling. >> two and a half dollar rally today is a stabilization. >> possibly. >> coming up we're separating fact from fiction. and oil's impact on emerging markets.

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very strong activity in coach today, judge. now, it hit right away. we bought it right away. so people are willing to bet that rumors like prime retailer, i think or some such sited that a rumor that lvmh was looking and so forth. >> today reports are surfaces that luxury retailer lvmh has, quote, shone interest in the this company. >> hmm, hmm. >> how about that? >> are you till? there. >> i am still in the name. we took off the december options that we had. they had only one day to live. so yesterday we were buying those for 30 cents. they got up over a dollar today i believe. that is a nice pop. a triple in a day and now i'm in the 35 calls in january. and i'm short the 38 calls.

so i'm not asking the stock to outperform or get crazy or anything else. remember this was a $56 stock. so whether or not lvmh takes it or walks away, i still think it is cheap. and i've defined it at a level which i'll buy. >> a great risk reward entry. a bottom at 33 dollars that was hit five times this year, has not gone through and a last bottom was a dollar higher at 4. and that price action tells you all the sellers have been cleared out. so if you enter the trade you can enter with a stop loss just below the level of support which is substantial and who knows the what upside is. i like it. >> if people are willing to take the risk. let's bring the expert for a reward. >> i've toukd talked a number of people and we all know they are all acquirers. they scoop up these different companies and make sure luxury portfolios. is coach going to possibly be in play? maybe.

lvmh hasn't really gone to that level yet but in they want to capture some of that aspirational middle to upper income consumer, particularly in asia, perhaps it is something to be considering. i find it really hard to believe that coach hasn't shown up in a pitch book given to lvmh by the bankers. reach mont probably not going to go there. they are not really into turn arounds. keering probably too much debt there. so it's possible but as of right now nothing on the table and coach has to want to sell too by the way. unless i goes hostile and they have this new ceo and new creative director and a game plan. they might want to give it time to go and they probably think they are worth a lot more than what are willing offers. >> isn't this a huge culture clash as well between a european brand and a american. >> and a very american. >> very american culture. exactly and that's what we've

talked about before when it comes to the european countries want to play in the u.s. do they do it in their own way or with a an american name. and that's what coach wants to do right now is reinvent and tap into that heritage. i don't know that hvmh would be interested in that. it seems like a long shot for me in the near term. >> thanks courtney. coming up with e have trades on hogss, whales and giant packs of toilet paper. when we come back.

hi everybody. comening up we are covering this market. all ten sectors are falling today. it's been a rough week for stocks. should you take it as a buying opportunity? or hedge your bets and stay out? we're going to talk about that. up like a rocket, down like a feather. but is that the case in the relationship between oil and gasoline? or have things changed? plus a special look at what traders and fund managers are going to do in the last two weeks of the year. some of them are really behind. they need to make some money. so should you follow their lead or not? it's all ahead on power with the market down almost 200. back to you. >> thanks. we'll see you in a just a bit. trader blitz, four trades on four stocks making bis news. first is adobe. reporting profits above estimates and doing a deal too. >> acquiring fortolia, a royal

free photo site. i think just about everything about this report was great. jon fortt was talking about it last night on closing bell. great job covering it. i love the stock. >> web bush loves hog. >> and there are a lot of good reasons why. when you look at the innovative size and the margins and commitments a lot of reasons to like this. >> janning cutting its rating. >> and they are citing oil prices and fluctuations. i don't think that is the story here. frankly they sell more than gasoline and with more discretionary income i would expect earnings to go up next year. buy costco here. >> sea world has been in a world ever since that black fish documentary. >> ceo, aqua man their ceo is stepping down. i've never seen anything like

this. this was like a private equity thing they put back out as an ipo. it is down 60% in the last year. it actually when you look at the chart it looks like an energy stock that's been crashing to such a degree. they must sell whale oil. i have no idea why would be in this name. it's universally bad news across the board. >> hey on that popular note. oil's effect on the emerging markets. who are the winners and losers? j.p. morgan's andre skrarsia amaya is on when we come back. here's some news you may find surprising.

we're for an open internet for all. we're for creating more innovation and competition. we're for net neutrality protection. now, here's some news you may find even more surprising. we're comcast. the only isp legally bound by full net neutrality rules.

well there you go. the oil selloff. i don't know if you heard me before or not. think they did? >> they did not. >> it'll all about hoyle. >> couldn't tell if i was getting cute or not. >> all right. we're back. back. the oil selloff is creating big winners and losers in emerging markets. so where do the key countries fall. andres garcia amaya at j.p. morgan research is here welcome

back. good the see you again. >> good to see you. >> want to put in in context as it relate to the ems. >> short-term it is going to hurt risky assets. let's get that out of the going.l to be a winner or loser out of this. you see countries like columbia, mexico they are not exporters of oil. countries like turkey and india they import a ton of oil. this is a huge tail wind for their economy and consumer. countries like turkey and india are performing. 12 month returns of 26% for india whether the party has gotten ahead of itself. >> for india one of the countries that we are concerned with valuation. we are seeing opportunities. it's funny at the beginning you had the emerging mess.

the bigger the mess the bigger the opportunity set for active managers. for us this is a great type of environment to actually find opportunity. >> what is a contrar yn pick? where you say mess we say ñ >> the easy one iszy russia. éh at the stock level you can find opportunity there. to put this into context russian accounts are down 6%. in dollar terms down 40%. all currency. >> you pronounced it rubble. >> that is what it is at this point. i do think that at the stock level countries like russia through are opportunities. >> i like a lot of what you said. i agree with the idea that jim and i kicked off with this is like a stealth stimulus for some of the countries, the ones that are importing. you addressed the issue with

russia. i like turkey a lot, too. the market is not nearly as liquid. that's an issue. >> absolutely. one of the things i want to say about the opportunities you mentioned india. india up 26. russia down 40. that is almost a 60% range within one asset class. you look at europe, the best performer versus worst performer only about a 15% window. for people looking for opportunities em. >> sorry. you mentioned twice the dollar. and that is the big risk that people are out there. i am an optimist by nature. we do see this as a stealth stimulus. tell us about the risk of a strong dollar. let's get one thing out of the way. rising interest rates is actually good for emerging markets especially if they are rising for the right reasons because the economy is booming

here in the united states. the dollar on the other hand, rising dollar is a head wind. unfortunately, that trade doesn't seem to be going away. for that reason we are sensitive 250 which countries will do better in a rising dollar environment. korea, the country that tends to perform very well. you have to know which countries will be winners and losers. >> what is your outlook on brazil? >> brazil fundamentally is not there yet. i don't think valuation is cheap enough to get me to buy into brazil. >> good to talk to you again. >> coming up, your final trades for the week. we are back after this short break. honey, we need to talk about robot butler. look, i love the way he controls the lights and unlocks the door when i forget my keys... it's just that... i feel like he's always watching us. yes, that is why we should use wink. ...look, it can monitor and manage our house but it won't start to develop human emotions.

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day two of nice move for lululemon raising price target from $45 to $60. deutsche bank raised price target. another interesting move for a stock that has gotten a lot of talk on this desk. another week behind us here on the halftime show. let's take a look at what we think are some of our best moments. gray thursday, black friday, small business saturday, cyber monday, giving tuesday. can i propose wise wednesday. >> what is the number one stock in the universe today? what stock do you have more conviction over than any other? >> i got to go with apple. >> tgi friday's mistletoe drone.

>> been doing that my whole life. >> what? >> who is that guy? >> mr. rogers. >> my god. >> let's take a look at the -- i'm going to save us all from that. let's take a look at the week's s&p leaders. diamond offshore, staples, walgreen. we have a trade on these names? everybody is negative on oil. everything is going down in the energy space. what do we think of some of these names? >> that is a stock more than cut in half very quickly. it is probably more of a special situation than anything else. rig and sea drill don't look as good as the bounce. >> we have been talking about these retail names, as well. you look at staples and that was triggered by the starboard and how much position was put on. >> another unusual activity play. >> that became huge. by the end -- >> staples is moving up again. >> that and office depot, it

just shows you right now where a lot of these smart hedgefunds are moving their money around. >> who wants to take free port? nabors? i'm not catching the falling knife here. >> free port is like the worst stock i have seen in my life. >> and that's saying a lot. >> this was $40 a few months ago. >> the problem, too, it seems like everybody wants to try to catch that falling knife. we have yet to see a reason why. they jump in front of energy and commodity trades. gold and silver they have their moments but in the big picture have not been great performers. >> let's go around the horn and do final trades on a day where we are going to end this seven-week rally that we have been on. we are looking at the second worst week of the year for the dow and the s&p. holiday shopping season starts to wind down now. give me a final trade. tell me what and why. >> i don't think it stops for

underarmer and what they have got and the entire channel chain that they have. >> technical break down in ibm buying puts. >> buy cheap indian sb,@9ñ epi multiple 13 times earning. >> have a great weekend. power starts right now. thank you very much. welcome to "power lunch." market alerts all over the place today. it is yet another rough day to end a very rough week. right now on track for the dow and the s&p to be second worst week of the year. dow and s&p with 1% decline on the dow. almost 1% decline for the s&p. 0.5% for the nasdaq and 0.7% for the russell 2000. let me show you oil. in a week it is down