your head out of the sand and take notes you'll know, you'll see these names crushing it and down with the market. that is actually a gift if you don't panic. shah, thank you so much always appreciate it, clear thinking always on the money. all right want to hand it off to my colleague, liz claman, and you know, here is the thing as i do. we've seen this market in the last hour just simply go through trap doors. the day we rally, the day we rally into the close, liz, i think that's going to be one of the major buy signals. liz: well, i think you're absolutely right, and when you talk about trapped doors, i want to let our viewers know the last 15 minutes of the final hour of trade is when you often see major market calls, major margin calls also come in, institutional investors either saying i'm out or saying i'm in , so this is going to be a very important final hour of trade. in fact could be the most important one in at least a year will we witness those margin calls drawing your blood or mass liquidation or might we

see investors coming into nibbl ing at the carnage. right now the dow is down 521, the s&p is lower by 74 and the nasdaq down 219, that's the percentage loser there down 1.5%; however, i do mention the russel is slightly in the green. serious escalation in the tensions swirling around the ukraine-russia standoff. a federal reserve meeting that begins tomorrow and a huge week for tech earnings from apple to microsoft to tesla, are all pressuring the markets. the s&p has now joined the nasdaq in correction territory at this hour, the dow not too far behind, as fear feed s the selling, the dow dropping at one point more than 1,000 points at the low of the session, the biggest drop since june of 2020, and the crypto markets. it cratered over the weekend, but we are watching at least bitcoin fighting back into the green. coming up off a multi-month floor, the bit-wise cio hads is here to tell us what will stop

or at least stabilize the bleeding and let crypto start to move forward once again and home builder and housing etf 's one of the very few investments at this hour staying dry in the deluge but what happens to real estate when the fed hikes rates? we've got the secret housing market indicator, sales of the most popular decking material in the nation, the tre x ceo is here on what they are saying now about home buyers and also sellers, but first we begin with this fox business alert. enter the bear and at least slow it down a bit, the bears are slowing down their role at this hour after gambling all over the street, and wall street is just crushed at the moment, but stocks are rallying off the lowest levels of the afternoon. look at the dow as we said it had been down more than 1,100 points we have it now down 484. look at that, the low came shortly after 12 p.m. eastern, you could see that it was inch ing closer to correction territory, but again, up off the floor we stand at 33, 788.

now listen the blue chips need to finish down at least 1,145 points to officially close in correction. s&p is already there, having tumbled 10% from its all-time high at the beginning of the month, so you can see , the s&p now just down about 9.7% squeezing, squeezing by, just below that moment but on the prospect of a russia tack on ukraine, this is the problem. the russel 2000 in a bear market which means it has tumbled 20% from its early november record. it has tried to make a run at the flat line and slightly into the green, what we're going to do is have a live report from ki ev, ukraine shortly. we'll get the very latest from the fox news reporter whose on the ground there. we need to tell you this , january is on pace to be the ten th worst month ever for the nasdaq. this ahead of big name tech earnings this week, so with wall street's fear gauge blaring alarms, look at the cboe

volatility index hitting its highest level you have to go back to october of 2020 to see that. it surpassed the 38 level at intraday highs we're at 32.79 at the moment still up about 13.6% as investors brace for the fed to tighten monetary policy, so, we got the high stakes earnings from the likes of as we mentioned tesla and apple, but also intel, microsoft, and the first fed policy meeting of the year which wraps up wednesday, while no action is expected at this meeting, chairman jay powell and his cohorts are in a very tight spot , especially shoved closer into that corner by what you see on the screen and what happened last week, right? major sell-off and another one right now. do they hike, do they cut, or do they freeze in place? let's bring in our floor show traders on this , monday afternoon, kenny polcari a nice pile of cash sitting on the sidelines what should investors do with it? i want you to imagine this and how much more do you see of the sell-off or is this that

so-called capitulation, the worst day in the sell-off? >> i don't think this is the flush we're waiting for. it certainly felt like it at one point today maybe it was the flush but look, i would say this to anybody that's got a pile of cash sitting there waiting to be invested. you should continue to invest it you shouldn't do it all at once. you should feather it in but on days liked to, where it feels so unsure, i would just sit back and kind of let the damage happen to see where the chips fall. i be making note of names that i like or names that are already in my portfolio that are getting dragged down for no reason other than getting dragged down, and then i would start to allocate money but i'm also in that 2022 in that value so i would specifically be looking at the value side of the equation, not so much the tech side, but when you get nvidia trading down to $210, it's almost hard not to want to jump in there and grab some and backup the truck. liz: well yeah, nvidia down 4% right now, well off the lows of

the session. i'm looking at it still up about 70% over the past 52 weeks, but names, todd like not that what kenny talked about, he doesn't love these momentum names, but affirm down 50% this quarter alone, i'm looking at zoom down 61% year-over-year. some of those names and we'll get to peloton later but that's been a disaster too. do you completely avoid these names when even the dow losers are solid names you would think might be a little bit safer whether they be merck or j & j or visa? >> i think at this point right now, a lot of these names look attractive when you see down 50% , down 30 or 40% but like kenny said you've got to take a step back and wait and watch. you want to feather money in a little bit at a time but when you are talking about potential quagmire over you ukraine, a fed policy shift here which we don't know what it's going to look like the market wants three, four, five, six rate hikes this year but i've got to be honest the fed will do

this one at a time and wait and see how the markets react. the dollar is going to play a key role in this and then ultimately history itself is going to kind of write a roadmap and don't forget we cut rate to zero in 2008 and it took until 2015 to start a three-year long very slow process, so gdp and the day after the fed is also going to be significant. we look at those gdp now numbers which were north of 9% on december 1 are now right around 5% so the market again we need growth numbers to be sustained in order for the fed to be happy about tightening to stymie inflation and right now i just don't see that picture. liz: but kenny, morgan stanley is calling this the equity winter, forget the crypto winter stocks winter. do you believe that? here is the thing. last friday, when things looked really bad, you could have argued hey, feather in, but then you're down again today. >> and i hear you but that is as you and i both know, that is going to be part of the way the

first six months i think of this year is going to be. we've talked about that, right? i'm bullish on america, i'm bull ish on the economy. i am, like i said though, not necessarily bullish at the moment on tech and that's what morgan stanley came out and said they thought there's more to go in tech and i do agree. there's more to go in the broader market as well but when you look at names like for me, it be ibm, honeywell, halliburton, exxon-mobile, jpmorgan, those are really great big beautiful, boring but very nice u.s. names for people to have in their portfolio. now, look. i'm 60 i'm not 30, so my outlook and my time horizon is very different, so again, you also have to think about where you are in the time horizon, right? liz: i've got to totally disagree on ibm. that thing continues to disappoint, but todd? >> i love ibm. liz: looking at all these issues can the earnings paradigm that come out this week whether it's microsoft or apple can that shift the narrative at all? >> you know, we're watching

these indices decline, when you mention the russel is in a bear market and the s&p is in a correction and the dow is only, you know, days away from being in a corrective market that's stealing the show. now the smart traders are watching the individual companies, yes and seeing where they are coming in with earnings and what their forward guidance says and yeah when some of these numbers look too good to be true usually they are but in this type of market it make sense to be watching. liz: yeah, okay. tuesday, microsoft, verizon, american express, ge, thursday apple, chevron, caterpillar on friday. i mean you're looking at all of these names, wednesday tesla and intel, boeing. so we're very busy at the moment we're looking at all of these stocks we're looking at every index, russel is the only one to the upside, but a little bit impressive here, a half a percent or 10 points. kenny great to see you todd thank you very much. we do need to get to this russian situation, breaking news at this hour, president joe biden is huddled in the situation room right now on a secure video call with the

leaders of france, germany, the united kingdom and the european union. the pentagon has confirmed just moments ago it is putting 8,500 u.s. troops on heightened alert to deploy to europe due to the acceleration of russian troop buildup at ukraine's border. the u.s. now withdrawing diplomatic staff from its kiev embassy. the dollar-denominated rtf, the russian index, sort of like our blue chips for russia, plummeting 8% today alone. down more than 15% year-to-date. russian stocks mired in your honor certainty on the threat of economic sanctions but now possibly worse. let's take it live right now to kiev, ukraine where fox news senior foreign affairs correspondent greg p is standing by live, greg, what is the very latest? reporter: the ukrainian capital of kiev is actually on edge tonight. officials are watching the continued deployment of

russian troops around its borders. the latest moves in neighboring belarus. that country less than 50 miles from where we are right now, big numbers of russian soldiers along with tanks and hardware flowing in there. troops encircling the country threatening invasion and that is prompting the u.s. , liz, to do a lot of things, pentagon saying today as you noted its put on heightened alert 8,500 troops for possible dispatch to nato countries near the borders with russia, u.s. and nato readying planes and ships, u.s. is ramp ing up its military aid to ukraine. over the weekend 180 tons arrived including ammunition, destined for ukrainian troops battling russian backed separatists in eastern ukraine as well as the draw dawn of the u.s. embassy staff. take a look at what we saw. >> evacuation of u.s. diplomats families and non-essential workers here in kiev begins as early as today. experts tell us the move says something about what the u.s. is thinking about a possible russian invasion. >> it signals to me that the threat to ukraine is real,

it's immediate, and there's also a realistic possibility now that a russian offensive could target kiev. reporter: liz, the uk and australia also following the u.s. moves regarding a draw down diplomatic staff. other countries and should be noted including most eu countries are not drawing down. the kiev government is saying the u.s. move is premature, but it's also sounding warnings tonight as well mixed messages. back to you. liz: it is a very tense time, greg thank you very much and what i was doing you guys as i was looking at the russian markets i also looked at the finland market, right? it is ugly, helsinki sold off by more than 4% all the european markets were down overnight and today. very hard, of course to find pockets of stocks in the green, but guess what's doing it? home builders. on this eve of the crucial federal reserve meeting, what becomes of the housing market

when jay powell & company final ly pull the trigger on rate hikes? possibly in march, will it still be a seller's market or any market? the trex ceo is here on what his decking business is revealing right now about market conditions, from the backyard to the front stoop, with the closing bell ringing in 48 minutes the dow has cut more than two-thirds of its losses, still down 423 points right now, the 10 year yield is falling 1.73% is where it stands at the moment. the cumulative point loss for the dow last week was roughly 1,600. i remind you at its low today, the losses reached 1,115. "clayman countdown" is coming right back, we are on these markets. i may be close to retirement, but i'm as busy as ever. careful now.

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liz: we need to show you the nasdaq. now, yes it is still down about 121 points, but look at the percentage moment here down less than 1%, earlier today, at the lows when the nasdaq was down 674 points, that was a loss of close to 5%.

folks, it looks like we are at least trying to make a comeback here what did i say at the top of the show we might start to see some gutsy investors begin nibbling around the carcas and teddy weisberg, thanks, teddy, just e-mailed me this picture, can you see that? thanks, teddy, black swan, nice. okay, breaking news. you're wrong if you think everything is selling off or in the red right? take a look at nail, the home builders and supply etf 3x, which basically each upside move triples your gains it is up 7% right now, and some of the names that are in that, we do have a whole bunch of times like pulte, d. r. horton why is the red hot housing market safe on a day like this plus with higher interest rates and in turn mortgage rates looming, how long can housing continue to sizzle? look at this new survey by

fannie mae that is just 26% of consumers believe that right now , is a good time to buy. yeah, that's a record low. what is really going on in housing and how long can the green times last here on a fox business exclusive brian fairbanks, ceo of decking material giant trex. brian, i need you to give us an honest assessment of what you're seeing in sales since the start of the year because that'll give our viewers more of a window of how the housing market can fare. >> sure thanks for having me on this afternoon. when we look at the tekata customer we continue to see enthusiasm in the marketplace. about two weeks ago we met with our contractor community to understand what they're seeing in the market an what their customers are saying and what we heard from them, if customers are still eager to do home improvement they're seeing good back locks as they move into 2022. we see that as it goes across the homebuilding environment as well. there's a shortage of homes in

the marketplace so we see that will continue to drive new home building as well as remodeling. people staying in existing homes as well as upgrading to new homes. liz: yeah, it's important that you're here, not only because your stock is in the green right now, but its had an incredible five-year run so even in the rear view mirror you're up more than 400%. i do have to say your stock is directly correlated to the housing market. the housing market has really been hit with higher prices, whether it's labor, price of lumber, you guys, your product is not made of lumber. it's a composite made of recycl ed plastic. that would certainly help you, because i know we've looked at softwood lumber prices up nearly 45% since just i believe september. it's crazy but as you look at the landscape here, you can't escape higher labor costs, right >> you're right. we do manufacture with a sustainable materials, 95%

recycled content, plastic as well as wood, but we've notice caped the inflation either. during the third quarter of this year we had about a 750 basis points of inflation. we've had to take pricing as we've gone through the year so the material costs in 2022 will be higher higher than where we were at the beginning of 2021 to account for those higher raw material costs as well as labor, and many other costs that are hitting the organization. liz: yeah, you know, you can't escape it, i understand that but we did have new home construction increasing about 1.4% in december, and not exactly the greatest time at least on the eastern seaboard to be building homes, because of the weather, but how does the inventory shortage play into your company? >> we see it as being a positive for trex. there's two things that are positive. the shortage, it makes it difficult for people to be able to move so they are willing to upgrade their existing home

space. in addition to the shortage of new homes, the affordability piece of it goes into it as well , so it makes more sense to put additional dollars into their existing living spaces. liz: bryan, thank you so much for joining us on an extraordinarily busy day and by the way that nail etf, trex is in that too and that's bullish for home builders and materials we'll see you next time, thank you. >> thanks, liz. liz: three names well into the green, even as the dow is down 362, the nasdaq and the s&p lower as well. three names that are in the green have one thing in common. activist investors flexing their muscle in the last 24 hours. make no mistake, their helping hands may come at a cost, should shareholders power from or embrace these stocks, plus the ratings are in for the nfl's wild matchup yesterday. which names are getting a bump? closing bell ringing in 38 minutes, as we see , there's

still much red on the screen, the russel is now up 1 and one- third percent definitely a comeback there, the nasdaq still down just under 1% as well it's a busy afternoon we'll see what happens when we hit the bottom of the hour and a lot more trading starts to happen with 30 minutes left. riders, the lone wolves of the great highway. all they need is a bike and a full tank of gas. their only friend? the open road. i have friends. [ chuckles ] well, he may have friends, but he rides alone. that's jeremy, right there! we're literally riding together. he gets touchy when you talk about his lack of friends. can you help me out here? no matter why you ride, progressive has you covered with protection starting at $79 a year. well, we're new friends. to be fair. eh, still.

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liz: all right, fox business alert, peloton could become the next m & a target, the investment manager currently owns a significant stake in peloton and has sent a letter to the exercise equipment maker's board, now urging members to fire ceo and founder john foley, and they also suggested a sale. in fact they suggested to disney , nike, sony, or apple. shares are up eight and one- third percent but peloton has been absolutely crushed in recent weeks and lost 14% of its

value last week and down 83% over the past year following a slew of negative reports on equipment and subscriber sales as we all tried to emerge from the lockdowns and from, of course omicron, but that guy, he's the founder and nobody knows more about peloton than he does, so there's some questions as to whether a management replacement is truly a good idea look at unileaveer the maker of dove soap and ben & jerry's ice cream jumping 8.5% following nelson peltz bought a stake in the british consumer goods giant the move comes after one of the most famed activist investors left the board of the company's u.s. rival procter & gamble recently unilever struggled to make acquisitions most recently was unable to scoop up glaxo-smith kline's consumer health business so it looks like a takeover target or at least activist target and when peltz is in it's an issue and check out shares of kohl's

this is the biggest move of the day down 33 and three- quarters percent after the retailer confirmed reports that its been approached about a possible takeover deal as well. kohl's says its board is reviewing offers from private equity firms sycamore partners and offering $9 billion that would work out to about $64 per share, the stock right now is barely $2 below that, so it is popping as we said 33.8% on the news, bringing it to 62.72. and the nfl's final four is set after the kansas city chiefs beat the buffalo bills last night in an absolute overtime thriller, not if you're obviously a bills fan, but 42-36 early ratings just coming in for the sunday night broadcast nearly 35 million total viewers tuned into cbs for the game that's up 20% compared to last year's sunday night divisional game and nfl broaders

viacom, cbs and comcast nbc parent company got viacom up 2.6 % but comcast lagging down a quarter of a percent even look at fox though, now fox matters, obviously parent of this network , got an upgrade from ubs to a buy and price target hike to $50 from $42. it does have one of the division championship games on january 30 , and other media companies let's look at netflix, disney, fubo tv has been a struggle, fubo down more than 3% , netflix is a disaster again, down 4% after last week's very disappointing earnings outlook, and you've got disney down another 2%. bitcoin 100,000, that was the talk of crypto bulls in 2021 , but we're a long ways from there now. the bitwise ceo is here next to explain why we're seeing crypto combo, and what is happening. why is this happening, but could

it stabilize soon? it's already stabilized at this hour believe it or not and is climbing with the closing bell ringing in fewer than 30 minutes, the dow is now down 368 after being lower by 1,115, the s&p down 53 had been down 175, and the nasdaq lower by 133 , but folks it was down 674, going to be a fascinating final run for the bell, don't go away. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq hearing is important to living life to the fullest.

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s, and maybe the telecoms, a tiny bit of green here. very very tough to find any moves to the upside, even as the dow is now down just half a percent or 153 points after having been down more than 1,100 points, and speaking of down, after an absolutely atrocious weekend, where $130 billion was vaporized off the cryptocurrency market, we are trying to see some green shoots at this hour, bitcoin at the moment slightly down but some of its futures contracts are moving higher, and you've got a major collapse as we said on saturday, sunday wasn't much better the digital coin market is really struggling over the last 48 hours, with bitcoin at one point dropping to nearly half of its record high of 69,000, right now it's at 36, 477 but it had fallen through the $33,000 floor ethererum still down about 6.6% you've got litecoin down 5%, xrp

down 4.6%. what's going on in the crypto market here at a fox business exclusive is bitwise asset management cio matt hogan. matt what spooked the horses and clearly, it isn't a flight to quality. it isn't sort of the safe haven that everybody hoped it be last year. >> well one thing we know about crypto is that it's a risk on assets. anytime you see a violent shift to risk on sentiment to risk off sentiment in the broader market crypto gets hit. it happened in march of 2020, it happened in the q 4 of 2018 the last time the fed raised rates bitcoin was down 44 %. importantly bitcoin settled and went on a significant bull run. underneath the surface the fundamentals of crypto are stronger than ever, but it is getting caught up in this broad based shift to risk off assets that's hitting everything from netflix to nasdaq to as you said , almost every sector of the

stock market. liz: well, yeah. it's moving in tandem with the stock market which over the past several weeks has just shown that people are nervous, they are nervous about assets being repriced in a new fed world, where rates are going to go higher, but we also have russia. russia put out a cryptocurrency central bank there, and they don't like bitcoin orbit coin mining, in fact they may very well ban the trading of it. they won't ban that you can hold it but that can not be helping the situation. russia equals 10% of the bitcoin mining market, does it not? so when you're looking at the funds that you have at bitwise, where do you see a real opportunity? >> well that's a great question we're actually relatively positive on russia's development just like china's banning bitcoin mining, actually ended up helping the bitcoin market, more sort of regimes banning bitcoin mining, shows the power that bitcoin has as a tool of economic freedom and the fundamental threat it offers

because of that capability, so we see that as a positive. what we're more focused on on the regulatory perspective is actually something happens here in the u.s. in february. the biden administration is supposed to put out an executive order on crypto. i think the tone and tenor of that order could help either end this period of market volatility if it's slightly more bullish than the market expects or extended if it's more bearish, the market is pricing in right now that that executive order will be very negative for crypto so it's a little bit hard to see it surprising on the downside. i think the hope is that it sort of weighs economic competitive ness in some of the positive aspects of crypto and that, to me, as i said, could mark maybe the interstitial end of this period of volatility. liz: god bless you, matt, for you know, trying i don't want to be insulting and say trying to spin it, because i know you actually believe this , but when you say that when

russia and china ban it, it's a positive, how is that a positive when bitcoin was near 69,000 just several months ago and on top of that you hear everybody talking about the so-called pikachu chart pattern, its got the two pointy hears. >> right. liz: you're on the slide on both of those pikachu ears. >> i'm not worried about cartoon name chart patterns right now but what i do think is true what you're pointing to is that we're in a period of deep market volatility. i expect that market volatility to extend. i don't think we're at the end of it. i think if you look at things like funding rates or the shape of the futures curve, we haven't reached the point of peak bear sentiment so i don't want to paper over the fact that this is a significant pullback, and a significant setback. i do think sort of despotic regimes banning bitcoin broadly goes into the narrative of why it's valuable to society and we have seen the network shrug off china 's crypto mining ban as a

mining move to a more geographically disbursed location. i think we'll exit this period of volatility and go on a significant bull run but we definitely do have more work to do and i'm not sure we've reached the maximum point of bearish sentiment at least the indicators don't suggest that. liz: i have some pretty stunning news here. the nasdaq just seconds ago, for a brief shining moment, turned positive, matt. for a second, it was, can we show an intraday, guys, so you can see when and where that happened but it was literally a few seconds ago which is quite a nifty trick considering at the low of the session the nasdaq was down right there you could see it just a few seconds ago popped up into the green albeit very briefly. it had been down 674. this market action, matt, as we look at it overall what is it saying to you? you look at the bigger picture, do you not? >> right, yeah, absolutely. i think the market doesn't know what to expect out of the fed

over the next two days or the next few months. the realizing with the fed is this incredible buying where it needs to raise rates to tone down inflation but it will weaken the economy, weaken asset price, potential royal the bond market if it moves too fast so the markets having trouble figuring out which side will win in the tug of war going on at the fed, and that's why you're seeing this kind of volatility. i honestly expect no big change out of the statement coming in a few days from the fed. i think we'll be in a few months in this tug of war perspective and the kind of volatility you're seeing is probably likely to continue as the market figures out and the fed figures out what it's going to do in this extraordinarily difficult buying that it finds itself in and can it perfectly execute a soft landing? i think there are a lot of people, myself included, who are skeptical that they will do that with ease. liz: matt, thank you, very much on an extraordinarily busy day for not just equities but definitely crypto as well, and by the way you're looking at the

vix. it is up still about 8%, we are on track to close at a one-year high for that fear index. keep in mind though, the vix has been up five sessions in a row, but we are well off the highs, so a little bit of that tightness and nervousness coming out of the markets. we were all over the crypto collapse on my morning market minton tik tok we've got your overnight headlines, every morning i rollout of bed and immediately, i just start figuring out the most sort of big discussion here, join the clay man army we're now 226,000 strong @ redfoxliz on tik tok and dow is still down about 220 points and the meme stocks really feeling the heat at this hour as investors gear up for this week's fed meeting, are the reddit rebels going to wave their gold hands? right there, their diamond hands , paper hands, which is it? charlie breaks it, next, closing bell is about 17 minutes away, gold up in the green by $8.40. stay tuned we're coming right

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we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... for fifteen hundred dollars off your kohler walk-in bath. visit kohlerwalkinbath.com for more info. liz: well, along with the rest of the market, amc and gamestop are falling we have amc down about 7.6% gamestop down 5.9% well off session lows for both of these. this as investors take stock of the federal reserve's first meeting of the year which begins tomorrow. one year ago tomorrow, it all started with those amc apes, yes the reddit room passion all retail investors, the apes, some of them still not leaving, charlie? charlie: yeah, the stock was down 20% today, liz, and it obviously got saved by increased

retail buying at its lows, so they still believe in the story. we should point out that this is a highly-speculative stock. if you're the average person out there listen to what i have to say, because it could cost you a lot of money and we should point out that amc, if you take it year-over-year it might be up like 600 or 700% and as low as it was in penny stock territory before the meme stock frenzy started, and now it's 16 or $17 stock; however, it's well off its high, it's trading as high as 72 as you know, and its been down ever since over the last several months, so why is that? well, there's a few things going on. you have fed policy changing, and as the fed raises rates, you saw it in the market today and your last guest, i guess, i think put it very well. there's now a debate over valuation because is the fed

going to raise three times, four times, five time, never, are they going to do a soft landing and if they do raise significantly, does that mean that all these stocks have to be recalculated based on a different interest rate environment based on their earnings and other aspects, including if interest rates go up, you have a competition for capital with fixed income investments and other investment s so there's always a recalculation. the companies that get hit the hardest in this re calculation are essentially the riskier assets, that's why you see bitcoin off dramatically, cryptos off, ether is off as well and that's why you see the meme stocks doing what they're doing so they take a pounding in this environment, and then you just have the obvious stuff that's going on. you know, if you go back and look at a long term chart of amc when they traded about two years ago in the 11 or $12 range. you know look at the box office then, and look at the box office now. is it the same? it's actually not the same.

the box office has been going down since then, it's not just pandemic. it's streaming and a lot of other stuff that people, you know, are now not going to the movies in mass, so if you put all those things together, you have a sell signal on the stock. now, does that mean it goes straight down? this is a phenomenon that we're going to be talking about forever. a retail phenomenon that is dedicated to propping up a stock because they believe it's in their, it's their duty as patriots and citizens of the united states to make sure the stock does not go down because if they can keep it up, they will expose an evil kabal of wall street traders trying to sync this company into bankruptcy through short selling and dark holes and then if they just hold on long enough the mother of all short squeezes is going to come.

liz: the mother of all comebacks , charlie, is happening right now. take a look at the screen. the dow, nasdaq, and s&p are all green. charlie: let me just make this point, liz, before we go. that's their theory. if you, the small investor buy that theory, buyer beware. that's all i'm saying that's a crazy theory. liz: well, yeah, i agree. it can be very difficult especially at times like this, charlie thank you. folks when you look at a come back, this is important because this time, the comeback comes right into the close. we are rallying very close to the closing bell, we're about seven and a half minutes away from that so we do see the dow now positive. this is a pretty epic swing of about 1,200 points from trough- to-peak, and for the nasdaq, a big, big come back at the moment scratch ing back into the green, we do have that higher by just half a percent or 62 points the bulls will take it. we have the s&p up a quarter of

a percent or nine points joining the russel which was the first to drag itself out of the red. we do have the industrials slightly higher by about a quarter of a point. folks we'll come right back with our countdown closers one of them is 10 billion in assets under management. did she buy earlier in this hour we'll find out. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, . .

♪. liz: we got to put up an intraday of the nasdaq right now. not only is it positive by about a third of a percent, it has erased close to 5% of the losses throughout the session. by the way if the nasdaq finishes higher today, that would be the very first time in more than 13 years. so october 10th of 2008, we remember what happened in 2008, it recovered from a 4.9% loss to end positive. this is quite the horse race.

we'll see if it wins by a nose or by a hoof or, whatever you want to call it at the moment but right now the nasdaq is up 67 points. we're about 3 1/2 minutes before the close as we look at the markets right now. it is quite an epic comeback. we have stephanie lang and john petrides, each have 10 billion under management in assets. stephanie, were you buying when markets looked ugly but if you flip it over it looks like some real bargains? >> we were telling clients if you have cash on the sidelines this is a great time to dip in. of course we didn't know if this was the market bottom but we felt president confident this is the start of the next bull market given our ott look on the economy. liz: what were you buying? >> well, we really like the defensive areas. i mean we think there will be a lot of volatility going ahead. there is also has been some

opportunities in some of the names that sold off quite a bit. we want to lean into those areas that have good earnings and good growth and think can be defensive because they have decent valuations. liz: john, we've heard two people on this show earlier say you should feather in, ladder in, whatever you want to call it, nibble in. were you nibbling, where do you stand on what happened today and what do you feel is most important that investors should know? >> there are massive crosscurrents in the market. we're definitely in favor of dollar-cost-averaging with extra cash on the sidelines. we think thematic investing has been improperly punished since the beginning of the year. there are longer term outlooks for our team specifically we're taking advantage of. things like cybersecurity. we like a etf, hat, that invests in cybersecurity names.

automation, robotics, artificial intelligence. we think what is going on in the labor market and supply chain issues that we think have massive runways. we like a etf called botz, that incests in the themes. we don't worry about day-to-day if the market opens up or down. these are long term themes with tremendous growth rate in front of them. liz: stephanie, we do know the russia situation has really put a pall across many global markets. what do you think happens tomorrow when we hear that opening bell? >> i love the momentum we have going into the close. i think a lot of rational investors have come into the market, are really deciding that they want to be in this market. they believe that even though the fed is going to be cautionary going forward that we still have really low interest rates and a strong economy moving forward. so i think, even though there will be a lot of volatility going in to the second half of this year, given the midterms, i

think we're going to be buyers. liz: okay. >> on any weakness going forward. liz: well, if you bought on weakness you are smiling today. [closing bell rings] stephanie, john, thank you for your perspective that has to be one of the most epic days. not so much there is all this green on the screen. every major index -- nasdaq closing up -- ♪ larry: hello, everyone, welcome to larry kudlow. i'm larry kudlow. almost immediately following president biden's blundering news conference last wednesday a near perfect storm has descended. stock markets were selling off in the worst performance in many years. interest rates, oil prices are rising. high inflation is embedded in the economy. and the federal reserve is about to launch a monetary tightening cycle. russia shows absolutely no signs of de-escalating in the ukraine