franchise friday. charles payne is up next. making your market. >> hello. thank you for being with us and it is time to make some money. tonight the 9,000-point rally rating -- waiting for the next crash? is an almost your and how to learn from it. of our panel is here to give us the best position. also is this good for the industry, the economy, the workers? stock up on good news. what does that mean? it is all coming up on making a market.

>> the stocks squeezed out the small gains even as fears from syria continues to linger the with the initial jobless claims the nasdaq held on with the biggest inching of the day but it has put in the bottom that 2009 and in fact, this is the worst post recession recovery ever. 2.5% is good news? we used to do 3.5% with our eyes closed so there is a course out there calling for a major crash they say that investors and retirees could lose it all now i do think some correction is overdue but is it if it does crash tomorrow what does that mean? that we sell everything at aulos? absolutely not it is not the

end of the movie it is the beginning in investors should have the same situation sitting there with popcorn and soda waiting for things to happen. the crash could be scary but smart investors could make life changing in a positive way just like a good movie. let's bring out our panel right now in matt mccall's to a slight favorite guys. to you have been calling the market calling for a pullback also part of the chorus that the crash is coming. >> i have been talking about this for a while in terms of a correction, i think it is the stock picker's market and there are companies. charles: tell me about those right now. we brought you want specifically to talk about

the crash. [laughter] we celebrate gdp growth is abysmal unemployment looks better but we still have rates that are abysmal. looking at the big indices and said datapoint is throw in syria and greece we're in the same place if not worse since the beginning of the year. >> four years ago? we have doubled in the same time. soaked with the gdp garbage in the employment picture is garbage i agree with a percent of the air near the at the all-time high. charles: but that there was down 6,000 know it is 78 now 15,000 with the economic underpinnings is that enough will? >> but the disconnect of the economy from the stock

market. there are valuations out there there is a lot of attractive valuations. we're not in the same area as 2007 they are lower. i truly believe there is containment many you're not investing in the obama government otherwise he would short the hell out of its. [laughter] >> that is why it is a stock picker's market looks three years prior you will see it is higher but i misstating it is artificially inflated in a big way by the federal reserve but having said that we are in the business trying to make many and that there are opportunities with specific sectors within specific companies. charles: so let's assume we got a major correction with the fed tapering to a couple

of economic hiccups, what is the next move? >> i think they're in line is the opportunity when the marketplace sells off with catastrophe comes opportunity in there is opportunity in the market but to be cautiously optimistic with respect to the marketplace because if we get serious about syria or if there is another greece or unemployment does not get better i do think you could see a big piece. >> but the individual investor with a 401k. said they are still sitting on the line. but we are a few percentage points off from that pullback.

investors said the five 5% pullback happens they will sell a. charles: that is the reality. been go. if you are afraid to jump in the market when it is going up you think you will jump in when it is on fire? okayed the market direction but but you say people should forget about the crash in be fully vested right now and then when it crashes, keep buying. people have missed an amazing opportunity waiting for one bad moment. >> emotionally we're selling at the bottom but if you invest over 10 or 15 years you have to be in the stock market. if it is not higher in 10 years we have a lot of issues. i do think we will be higher. there will be 20%

corrections take a advantage of that. body into the sell-off -- bite into the sell-off. charles: companies in industries are selling on the fundamentals stephen dissipate the rally by now? >> that's right that is really get the return but i do think i stayed just don't put all on black we have seen the dow dropped 700 points in 10 or 12 trading trading-- they do think he could happen even more but take a position right now little by little for your portfolio matched with your risk tolerance. charles: every single day people come on and they talk about the crash they could

be wrong sixers seven or eight years now people are exalted they don't know that this person just cost you one zillion dollars on the upside. at some point people do take profit. >> even a broken clock is right twice a day. even the bears only say i told you so but if you listen over the last four years you would not buy into it. so the long-term trend is always up it continues to be a few percentage points off but all-time high. use the pullbacks. is easy to buy its hat the all-time high but tougher on the 10 percent pullback for the 50%. charles: is there any sort of signal we start to get anxious in your theory plays

into the market? >> we have not gotten there may be down 14,500, you would invest a little bit in the marketplace as the downtick happens you will never pick a bottom or the top. how weber one of the key data points we talk about that the jobs number. i need to see real job creation in one month in the next few months. charles: we have become accustomed to celebrating mediocrities so then i will see you next friday. [laughter] if you do pick the bottom if you are lucky or your lying. [laughter] we will be back you would give the audience their marching orders. reduce stand? now we want to hear from you ricercar cameras out to the streets asking the people if

they think the market is headed for another crash? >> no. i think a lot of things like shale oil and housing moves us ahead in the year doing well on that. >> absolutely. all the major banks are functionally bankrupt. currency has to be backed by a commodity your precious metals. >> definitely not. >> definitely not. >> i wouldn't doubt it the way the economy has been the the. >> no. i hope not. >> no. no way. >> most definitely because of serious >> i've not quite sure. i don't believe so. >> no. i don't. charles: that may have been the best the answer, let's hope for inoperable trying to get a million interested in the market for the first time in his life and now we have another success story

and another one doing better than ever this ceo joins me with her story. next.

charles: we all love american success stories which translate to success we bring successful companies like a co-founder of the and cheese list then the co-founder of united rental that stock is up to madrid 46% in the last five years alone. we hope to be the confidence to invest tonight we look at online luxury consignment stores a former ceo of pet's stock, will come to the show charles: i have fallen due for a long time and when you start a consignment store

were you selling hand puppets? [laughter] those are worth a lot of money. charles: my wife loves consignment stores. it is expensive they called vintage if it is not it is used to explain your company. >> we don't do vintage but we do a luxury. a friend walked into a beautiful store that was consignment there was a little bit in the back and he made a beeline and spent $5,000 in i was shocked. i did not know why woody by consignment? she said are you kidding me? i trust the owner, the authenticate in the bucket the deal. it is last season and i

thought that is it if i can bring customers all over the world to clean out closets closets, and out gucci, the product, a authenticated, and tear rated we also accept returns will be a when. charles: it has been so far. you got one bring 3 million members? >> we just passed that this month a little over two years old so it has been a fine. charles: what about the nuts and bolts? you talked about being worried if they were authentic do they said the items into initially? is that how you played the role of the middleman? >> we have a few different ways the first is people do send things in it we do have

trained up the decatur's we have a big warehouse in new york and the other at the bay area and we have a team over 24 people in the field in major markets that make appointments and go into your home in day authenticate on the spot sometimes it is an intentional. they will pack things up all for free and then send it to the warehouse then replayed it in a sale. charles: anyone can go to the site. where do you make your money? >> we paid 60 percent they can earn up that 70 percent that means we will get 30 or 35% of the selling price. charles: this is a

fragmented industry say you have a tremendous upside potential? >> bill whole brick and mortar world is completely fragmented and half of the consignors have never done before because it is so hard which is one of the reasons people will go clean out your closet so the fact is a huge in the u.s. although there is $50 billion of luxury goods sold into the market. charles: that is my house alone. [laughter] >> we will come over and clean up the closet. charles: my wife loves these stores are you considering going public? i know it was like a roman candle are you considering going public?

>> we are far from that we will do between 50 and 60 million but we have a long way to go. companies are putting even more distance from their next competitor. charles: but you don't have a sour taste in your mouth? >> at the right time of course. we have outside investors and they will have to get their money back and have liquidity there is multiple ways the realreal. congratulations one area and you were successful you did not look back you are what america is all about. thinks a lot. >> thank you so much. charles: we will bring on another novice investor workers fighting for higher wages i will tell you why it

and it will harm those supposedly it is trying to help. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my chartsand spend more time trading. their quick trade bar lets my account follow me online

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charles: should the industry give in to the demand? next.

charles: ulterior router -- motives one mentality that things road rather than earned.

worth than double the current rate. protesters are framing the issue as part of the public domain and naturally to share the good fortune with employees being the victims rather than personal mistakes. there are higher paid jobs why aren't they applying? but they were better skilled workers making more money? but still with the redistribution of wealth in accountability minimum wage battleground is the perfect place for victimization, racism and capitalism. people go into business to make many. they pay taxes to cover the sidewalks and the roads and have no more obligation to pay a salary above the market level. but they're actually

struggling with growth coming outside the country that is a protest of the underpinning of the share price and with minimum wage significantly above the level with higher unemployment rates in fact, fact,, an employe in the rates in california, connecticut, was hington d.c., d.c., illinois, oregon are up 8% and minimum wage is $8 or higher. but their members automatically get the wage increase when the federal and state kayhan a salary increase would know there are short memories of the two years ago mcdonald's locations were mob to for that job applicants on the one day job fair they had three applicants for each job now they demand would have to percent wage increase? during the interview process the minister whispered i had

gotten the job but i had to wait for the of the positions to be filled. i considered it a stepping stone to stay off the streets and spend big money but i knew it was not a career although through the minister program they make pretty good many. the private sector should not be made to take one the role of government welfare agencies based needs rather than skills but mostly those who have dropped out of school or are not marketable should not buy into the notion it is not their fault the nation will focus on artificial wages limiting profits of businesses and individuals that it may seem attractive but in the industry american greatness. this week have shown new cities all over the world where cities and countries

undergoing tremendous growth like azerbaijani i to you to buy stocks in those companies setter growing bitter new report confirms what i have said all along for the first time ever with the imf the gdp of the poor countries exceed that of this country 150 countries millions of people making it to the middle-class and they buy this stuff that we love the harley, starbucks sandy iphones. the deal know what city this is? the country that was wracked by civil war nearly 30 years also a battleground in the cold war with an awful history but has a very bright future if you thank you know what it is a e-mail me or tweet me on twitter i will reveal the answer in a

little bit but first still ahead, our panel is back with grated price for your next trade i will give you an ada may making any withdrawals segment. whether the three biggest mistakes investors make and the stock market? we have dos and don'ts for all investors.

charles: americans from all walks of life and do not trust their cash in today's market but i tried to convince them otherwise we have one here on the set today a 70 year-old retiree who studied business at the university of chicago. some people say pro-business

others say it is not. [laughter] but you are educated, by the way you look fantastic. but you would never big into the stock market? >> i did not at university way into advertising's then market-research. when i retired a couple years ago are looked at what was happening in the economy did not believe i could make a lot of market -- a lot of money in the marketer have a big increase for the time i have left on the planet. charles: but to go to the years leading up to the retirement there were some pretty good years some pretty good charts if we would pull up the line it would be something like this with a few bumps along the way. >> i was working with the metropolitan transportation authority it was not high

paying enough that i would say be enough to invest enough to make a difference. i am also had a creative career -- career in writing so i never really saved enough. charles: but you did have the best day of some sort? >> yes i invested half, half, 25 percent in the stock market and 25% gold in the rest was my own invention. charles: i'd like the official retirement age was not the end be sought as the beginning you plan to lift many more years. as a you took a different course you feel that it is too late to invest although one thing that i do think can people should understand we are living longer, the game has changed it be

retire at 65 you have a 90 percent chance of being 85 you still have 20 years to get into the market to live out the great retirement not hoping that the check comes. >> the people who i talked to had something else they would do live in vermont, started business business, it take up photography and that is what iiwould do i did not think i would put more money in the stock market but have a second income on top of my retirement. charles: let's talk about that the north carolina keyboard. >> i got up one morning i said how could i make a lot of money? developed a nap -- app. it is cheaper to make and distribute everybody has a

keyboard there are 350 million pc every year everyone has a keyboard in a the qwerty keyboard is awkward so i made it easier keyboard and i thought it would help. charles: this is that? >> it is the aeiou keyboard all the bowels on the left in the letters are arranged in groups. charles: have you cut a deal with a major manufacturer? >> we're making this in china did we will start to distribute two major manufacturers. i went to be in the business of making keyboard's but to license the patent. charles: that is smart surveyed you get this money

will you put it in the stock market? >> some of it. [laughter] i will have to go back the and look. charles: every now and then you get a check. congratulations. you look fantastic. gridlock. the panel will be back with stouros trading and you can make stock trades with a flip of your finger how technology changes the way we all invest. next.

charles: if we have convinced you of anything it is never too late to new may get your market. you can maximize your savings and to find stocks

online we have the vice president of the trading experience at scottrade. welcome to the show. with let's talk about the state of trading right now is main street starting to filter back in? >> we believe they are. we have seen a 300 percent increase since 2009 trading levels have picked up in the most interesting part between 18 and 24 year olds are now the bigger client base. charles: are they buying stocks? do they buy the things like the facebook it is? >> they are different with the tools of one be provide access for the research for whatever types of stock or

etfs for mutual fund that they want we see a variety across the board. charles: it is not important to you what they buy but how often they trade? obviously you make money but at some point it could backfire because that is what happens during the last market boom could that be a problem? >> absolutely. a great point we really want to help our clients if the client is sustainable than we are also. so what we try to stress the to have cooled, understand the risk tolerance to have a plan and stick to it. charles: what are the three biggest mistakes that you see? >> those that make be an informed decisions. when somebody enters into a

trade or investment most think what happens on the upside but they need to understand what if it goes south or sideways? they need to have a plan for all of those. charles: so a firm stop-loss with not the knee-jerk reaction? to take the tie out rather than joining the crowd? >> absolutely that is very important. we are a big fan of the stop-loss orders so that is the education how we can benefit ourselves so the way we look at it we provide so much information online we don't want them to invest by themselves. charles: we had the flash

freeze one week ago everybody still those about the flash crash. reduce the that when the market starts to pull back does that trigger any sort of panic or any way to mitigate that? >> interesting question. sometimes there is behavior if you look at people who traditionally or historically have done a traditional move go against the herd so not to invest with your motion -- emotion but your head with all the resources that we provide tactical analysis, of fundamental analysis to make informed decision and not emotional. charles: to talk about the physical trade you are big

on technology lets talk about trading? >> and have the biggest change is mobile wherever they are they have the ability to place a trade so if we have smart phones or tablets, as some people say could they make a rash decision without being truly informed? they have the smart phone and the tablet. charles: you have the technology plus the title vp of the trading experience. good luck. still to come my stock pick i am pounding the table. up next the all-star panel will look at tomorrow's markets what you need to keep an eye on. we are "making your market" after the break.

charles: the blueprint hugh deed for the last day plus the panel is back with the top stock picks.

charles: august is wrapping up and we have your marching orders with the last trading day of the month. also this time have the chief strategist he was also the star of that movie. [laughter] but what do you make of

that? >> there are some stocks doing well the general market the jury is out it is going sideways nobody knows what is going with syria although the british parliament voted it down. charles: first-ever want to set the table but use a focus on individual stocks in the first round that was the overall message but how the people watching the show say now i try to pick out winners? >> the great thing about the market there is always winners. i grew up at the chicago mercantile exchange it goes up or down or sideways that is all they can do. so you use technical tools like get market club to determine which way the trend is going and it works. charles: last week the narrative was retail was in

trouble with this week maybe it is just teenage but all the stocks are up huge at the end of the close of the day so there are some winners. that is right. >> that was message that it is a stock picker's market place is just a question which stock do you pick? the retail sector is interesting to focus on so it comes down to identifying sectors that we think will provide outside returns on your portfolio once you identify those them to get the individual securities and take positions as the global market sells off. charles: recall that top-down or the bird's eye view. anything after the close or tomorrow morning we should look for with respect to set the tone?

>> i think syria is moving market but labor day weekend i am not working in a way. the last summer -- a last friday of the summer. charles: m.i.t. only one working? [laughter] is the eight types of little news of big direction taken with a grain of salt. charles: it is a shot across the bowel the be wheel keeps going up but gold was flat today's. >> i was a huge on gold but i sold out a few months ago but when news came out earlier this week of syria but keep in mind i am not

buying gold just based on syria. charles: but the doom and gloom people coming atypically like gold but for all the money printing what happened? we should be 2400. >> gold has had its run. we have allocated away from that but that was for a period of time. there are some exciting individual securities. charles: give me one pick right now. >> halo is strong in the biotechnology and the platform has bringing delivery into the marketplace like diabetes and cancer with major gaffe pharmaceutical companies

almost hundred million people have type one or type two diabetes. i like the stock it has room to grow. charles: looks like it is ready for a major breakout. >> with the monthly closing high. >> they shot themselves in the of what. >> so the sky is the limit back to the classic? >> it is about on different platforms. >> i think it will go higher trading above the triple digits with the offshore drilling it is a little undervalued for me and it is pulling back probably be a body over the next couple of days but i think said drillers to have to keep going to deeper water. charles: i have a subscription base service

with netflix i think that breaks out. >> but i am getting old. [laughter] charles: that is what happens when you work three days a week. >> best buy. they are hired. charles: we chase best buy here? >> $36. charles: to redo a show based on names that we thought were dead like a bus stop where netflix are best by their names that people gave up on an end to set a separate. what a great show. we will talk to you soon and i will be back with my money-making idea for tomorrow also in answer to the quiz. do you know, where this is a and why you should know. stay with us. when i first felt the diabetic nerve pain,

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charles: tomorrow we're going to focus on stocks and companies that everyone gave up on that have become monster winners. good year tires, reinvented itself, it has been through the war, it started in 1898, look at this chart, coming on strong today, trading huge volume. making technical break outs, they benefit from a lot of things in the world, goodyear tires, a name you know. i think it a stock well worth buying with good upside potential, 25 at least could probably. if you are willing to hold on, a well the hire. gtit, is the stock symbol.

>> look at this photo, where is it? one tweeted saying it looks lake miami, it is not, it is capital of angola in central africa, they had a long bloody civil war history, now a booming economy, expected to grow double digit growth. i want to say well done to my twitter follower -- he is sal us is always getting the answer right. you learned a few things, you are never too old to start a business, never too young to get in the market. the bottom line, knows you should control your future, there are all kinds of battles, a tug-of-war for heart and soul of america, a lot of people have given up, this show is about not giving up, thank you for

watching, i am charles payne, we'll be back tomorrow night, i need your help, get those numbers up, come home early friday, tell your friends to watch, and have a great night. lori: a very good evening thank you so much peer being with us, i am lori rothman in for lou dobbs. >> obama administration making its case for taking military action against syria, briefing lawmakers about their conclusion that syria government carried out a large scale chemical weapons attack, tonight we speak with fox news military analyst, general jack king on whether the president is justified in takes action. even without the backing of allies or the united nations. >> and questions remain about our involvement in libya. and the