. >> it is a closed in and an etf. what that one does is, it is short the yen. it is a double bid. if you think the yen is going lower -- >> constellation wealth advisors. funds are just one of the choices that allocators have. my next guest manages $2.2 billion. we are told that investors now have access to private equity in the same way that they had access to hedge fund strategies. >> we have just come out with a new fund. it is meant to be an alternative to private equity investing in a liquidating value format. >> it means that people who are nonaccredited, who do not have to meet that benchmark, can participate. >> that is correct. >> why are you doing this? i assume you do this so you can make money from it. >> you look at the client base, and most of the advisers have a number of reasons. you have capital and dry powder and it's very hard to understand. second, it is not liquid. someone who has $15,000,000 may not want to lock up their income. we try to achieve full be close to returns in a mutual fund format. >> what is the secret sauce? >> we have partnered with the numbe

and finally, an etf for you. tbf.to short the bond market, the longer end of the curve, because remember, i believe in rising rates. >> weiss, my first top pick in 2014 was hopefully you being a snappier dressing. 2013 was awful. >> all right. to vote for steve, twe tweet @stevenweiss, and let's talk gilead. biotechs, celgene, gilead itself is up almost 100%. why will it still work? >> great reasons. santoli, listen up. >> i'm listening. >> this will give you movement and value. i have 3.66 for next year's numbers, and then six bucks, and then eight bucks. they have 15 drugs now in phase two. they've got basically four or five drugs that are in approval in phase three, applying here, applying there. but they've already got earnings. this stock is going to double over the next year, year and a half. >> wow. >> 23 buy ratings, zero sells, up 85% this year. why -- how does the market look -- >> this guy is a bandwagon kind of a guy, right? [ laughter ] >> -- the motivation focusing on where stocks have come from? >> wher

why an etf in japan as opposed to picking a stock there and what does hedged mean in this particular case? >> tyler, importantly is the word edghedged and what is done with regard to this etf is they basically negotiated the currency exchange. so investors can get a pure play on the lift and japanese equity prices as opposed to perhaps being washed out of the gains that we foresee for the japanese equity market due to the fact the yen may continue, which we believe it will, to weaken against the u.s. dollar. >> very interesting. thank you very much, mark, for those choices. do you have any disclosures with respect to the securities. >> our clients own all three and i own dxj. >>> and coming up, meet the woman who wants girls to ditch the dolls and start building and not process, she's building a business of her own. the bright idea story is next. >>> americans are using credit cards a lot more these days. the amount of debt on credit cards and revolving credit accounts reached the highest level in more than three years in the month of october. that's a good sign of consumer spending l

you are running an etf on some level. >> we absolutely care. we want to offer access to investors, but we want to act -- investors to do well. it is a little bit of a binary event. if the committee does area well and and lamenting, you could do well in your investment. you could lose a lot of money as well. the benefit of an etf is it provides diversified axis, not only to the u.s. social media names, but to the credited world. >> cap been a need to lose money is on the rising to >> today you just raised your right target on twitter to $60. you also had a price target of the $60 on this book -- on facebook. why the raise? >> there is a very different set up on twitter then facebook. twitter came out with twitter -- zero ad revenue, and that is the single biggest trend going on in internet revenue i. facebook recommend until that thing corrected down to $20. twitter came out and it solved mobile. that made it safer. the second major trade that -- trends that they played in, it looks to us like all of them are trading online. this is not a back u

>>and for someone who is new to this and they're thinking, what is an etf exactly? just give us some names. like for instance you could have a big cap etf that would maybe include google or apple. >>sure, you could have a large cap etf. one of the most common is the spider s&p 500. it tracks the s&p 500 index. it holds all of the underlying securities. what you're seeing in these strategies is these asset managers are taking something like that and pairing it with other etf's such as vanguards emerging market, which covers emerging market stocks. and then something like agg which is the ishares total bond for the united states. so what you are getting is a complete portfolio with few number of holdings but you're actually getting exposure to hundreds if not thousands of securities. >>you're still diversified. >>absolutely. >>good to have you on the show. come back soon. >>thank you very much. investors are taking a hike. both boeing and 3-m have promised end of the year dividend hikes. boeing said it is increasing its dividend by 50 percent or 73 cents a share. while

we like the spx for an etf. we just want you to have exposure to the market. the s&p 500 etfs, just everything you need. stick with cramer. >>> i'm jim cramer and welcome to my world. >> one man, one mission. >> i just want to make you money. >> you need to get in the game! >> tens of thousands of miles traveled. >> this new rush is just getting started. it's the sound of american industry roaring back to life. hundreds of ceos. >> my life story can be your life story. >> thousands of dollars. >> booyah, jim bow! >> millions of your e-mails and tweets. mad money thanks cray mashg ka for being with us for over 2,000 episodes. [ male announcer ] for every late night, every weekend worked, every idea sold... ♪ ...you deserve a cadillac, the fastest growing full-line luxury brand in the united states. including the all new 2014 cadillac cts, motor trend's 2014 car of the year. get the best offers of the season on our award winning products. like a 2014 ats and srx. hurry in, offers end january 2nd. >>> ensign low peat ya cramerica strikes. i'm jim kraker and i will

in any case, it is still interesting to look at the bitcoin investment trust as sort of an etf per bitcoin it will not be an exchange traded fund for several years. this is only for accredited investors. this is in for grandma to put her retirement in, you have to be an institution or have more than $1 million in pretty liquid funds in order to get into this. you can go in for a couple of other financial service indirectlyand then invest in bitcoin. the minimum there is $25,000. bitcoin,lso just by a or fractions of bitcoin for well under $1000. >> great to know. thank you very much. >> thank you. the hobbit is back in theaters, and desolated the competition. is it really all good news for warner bros. pictures? we will take a look at the holiday box office next. ♪ >> this is the early edition of "bloomberg west," i'm emily chang. avagoore-based chipmaker is buying lsi. also $4.6 in cash and billion in investments from partners. had a monster opening weekend rate it is not all good news for warner bros. pictures, the studio that distributed the film. it missed the $85 million mark at the f

he can shoot off script gets an etf for you. it is a model for these cupcake. needless to say that his creation sadly it seems the street and design star team mates the kitchen tap. she's coming down to the once and for many and today is a top tourist attraction in north wales the eye. you knew you it was when we will the news on jillian. syria's main opposition group has again insisted that president bush are laws on should not have any place in a transitional government the demand comes out to western nations indicated that he starts next month may not lead to a sod removal and that is our white minority will remain key in any trends that show administration the message delivered to senior members of the syrian national coalition at a meeting of the empire thought friends

. >> kind of like an etf? >> exactly. but a private >> fidelity will one.ept bitcoin investments. in its ira's. it is a risky investment. >> i always equipped to win early stage startup investment. you are either going to lose all your money -- you are probably going to lose all your money or have a fantastic return. so you should only invest what you could lose. >> can we think of bitcoin as the mp3 and all the itunes and spotify that came on top of that as sort of the architecture? >> bitcoin is two things, there's the digital currency and the transaction protocol. i don't think there's any debate as to this transactional network, how big and disruptive it really is. i think a lot of people are very excited about it. bitcoin as a digital currency, that is where people are talking about ponzi schemes and bubbles. it remains to be seen. a i think bitcoin is going to establish itself as a meaningful store of value. people who invest in gold will start investing in bitcoin, and it will then ultimately become a currency and then it will be a global value trans

while it has gone into gold, it has gone into things like the s&p 500, which is generally an etf. >>he equity space. >> then you look at stocks of old miners. things have fallen off a cliff. that is a text book example. rexam think one has gained here today -- >> i don't think one has gained here today. >> right. prices of assets and whether there were previous mergers. >> double-digit losses. >> across the board. you look at listed in hong kong, australia, canada and you're looking at projects as well across the board. >> the australian one is the worst, right? so where are we headed from here? make a longown, to story short. >> ok, we are done. [laughter] that is a good point though. especially with the tapering on the horizon, what does that mean for gold going forward? >> one side of the argument is that you no longer have the economic force that really led to the bull rally. the 1216 is the average price for next year. , 311 tons will be withdrawn. whichnext on the program, asian countries are best to whether they pullback on the stimulus that could be on the thezon -- to weathe

and i bet that somebody comes up with an etf to do exactly that. >> where do you expect the yen to be>> 125 to 140. >> so for your trade, then, are you also short yen? >>s yes. it is the same trade. you have got the same trade on twice. you have got understand that. if you have gone short of the yen you have gone long on the nikkei. >> number one later on the n the show. >> see you later dennis. pops and drops. big movers of the day. big pop for soda stream. >> yes, after opening the morning down actually had very, very positive day to day. >> i got a drop for mcdonald's. >> their november sales and global sales definitely missed the comps and they missed estimates and the question for mcdonald's, is this a value store or a value trap relative to the casual dining space? i think you own it here. >> i've got a pop for sysco. the food sysco. >> so what about the stock now? traded over 70 million shares today. the levels that we open at were basically the highs of the day. i help you pull the rip cord today. you can't get initiate a long position at these levels. >> upgraded today at mor

i would not want to be an etf in this kind of thing.managers -- that is the place to be. >> this that tapering in a nutshell, did it start some sort of domino effect? >> yes. it did already. the reality is a domino effect and as those rates keep going up in the united states, these emerging markets will have more and more trouble replacing the foreign capital they are repaying with their existing sovereign debt. >> bob rice from tangent capital partners did to see you. still to come, day nine of bloomberg television's 12 days of bitcoin. matt miller shows us where around the world you can use the virtual currency. ♪ >> welcome back to "money moves" on bloomberg television and streaming all day long on your phone, tablet and bloomberg.com. i'm mark crumpton and for deirdre bolton. for us last minute shoppers, it's easy to take overnight shipping for granted, but what goes on behind the scenes to make sure packages are delivered on time? ups delivers 14 million packages a day, but this holiday season, that will jump to about 28 million, a

. >> it is a closed in and an etf. what that one does is, it is short the yen. it is a double bid. it is sort of a double-dip. if you think the yen is going lower -- >> constellation wealth advisors. funds are just one of the choices that allocators have. my next guest manages $2.2 billion. we are told that investors now have access to private equity in the same way that they had access to hedge fund strategies. >> we have just come out with a new fund. it is meant to be an alternative to private equity investing in a liquidating value format. >> it means that people who are nonaccredited, who do not have to meet that benchmark, can participate. >> that is correct. >> why are you doing this? i assume you do this so you can make money from it. >> you look at the client base, and most of the advisers have a number of reasons. -- have a hard time accessing equity for a number of reasons. you have capital and dry powder and it's very hard to understand. second, it is not liquid. someone who has $15 may not want -- has $15 million may not want to lock up their income. we try to achieve

. >> this is an etf on bonds. so when bonds are going down, of course, yields are going up, that is what you would anticipate if you get a good jobs number tomorrow. that's why the market has been weak. i think we're likely to get the opposite if this big options trade i'm tracking is right. they sold at the 101 strike with the bonds, the etf, tlt trading 102.50, they sold at the 101 spike. maybe we see a very small blip but not a spike. >> what's the feeling on the floor. >> everyone is playing that game. just right. you don't want it to be above 200,000. somewhere between what they are looking for is just the right spot. >> listen, the whispers are getting up there. if you see the 250, the spx is down 20. i think it gets bought there but i think you will see a knee jerk reaction and that's when the bonds get nailed. >> this is something that we have all been talking about. it's 1750, let's call it. but every time, it feels like gloom and doom today. we're down 1% from the all time highs. so every time you feel l

there's not an etf out there that does it for you.have to buy the ewa and let's say, for example, you buy 1,000 shares and roughly $25,000, then you short fxa and short about 240 shares for every thousand shares and the reason why you do that. in 2013, if you haven't done, that you would have been done on that trade but if you were short of the fxa you'd be up 15%. this is a great way to play. recovery in ais and recovery in china and recovery in commodity. >> you have to believe china is okay. >> tim? >> i think it's a good call. >> watching short-term rates. tell him that china wants to tell him things. the iron ore supply is a big deal for australia. too much of it. >> so far china has had a ginger touch with that, right? they tighten a little bit. >> they do have to be careful. >> if they like china it might be simpler to go along chinese equities to trade at goldman sachs recommended earlier in the week. they are not counting on big growth economically in china. they are counting on multipga pal expansion for chinese equities and

kol is an etf in that space. >> the key to playing these and these are playable, i feel the same wayal stocks when go with companies with the best balanced sheets. they may not have the best upside but if you're wrong and things get worse you have less down side than the overall sector. i would err on the side of quality which if you really want to do this trade. >> steel has done so well. just for a trade but we're not going to be any better off -- >> if you're betting on it for steel you want to go net coal as opposed to thermal. >> absolutely. i would go btu. >> not a falling knife tipped with poison. >> regular sharp edge. >> right. >> all right. >> speaking of 2014 playbooks, we want to remind you with portfolios with purpose. it's a stock competition. you can play as well. the deadline to sign up is tomorrow. check it out, portfoliowithpurpose.org. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment managem

the first of these is an etf. a spider etf. i wanted to check it because the volcker rule is being approved. expected tors approve it by the end of the day. talking with chris whalen about what it means for the bank. i have been preparing for this day for quite some time. gilead sciences one of the worst performers in the s&p 500. hepatitis c drug they are preparing to come to the market. an executive says it is going to spark a drug war among hepatitis c drug makers. finally, starbucks down after an analyst said that same-store sales may be slowing in the u.s. to around six percent from around eight percent the prior order. in.rra is ackerson is out. she has been groomed for this role, having spent over 30 years at the automaker. recently ahead of product development. i have worked for general motors for 33 years. i work with a ton of wonderful people. i always have been evaluated on what i contributed and what results i was able to obtain. we come together as a team. , oring a car, truck crossover on the road is a team sport.

i have an etf on the market that's valuation based on based on five-year projections have earnings note-month poe men item plays. in the short term they have been correct on the momentum thing. if i'm going to hold something for a year or more, twitter is not what i'm buying right now. there are plenty of other good buys out there. >> rob, do you have an opinion why this stock has moved so fast over the last few days? >> i think it's recognition of the open-ended opportunity. audiences is not the most interesting. i think cards and big pools of money, takes them into lead generation, video, successful formats going to drive a lot of growth mere. >> real quick, rob. you heard brian say $15 or $20 a share. how much further could it go from here? >> i think we're looking at a $90 billion market cap in three to five years. >> and that implies what for the share price today? >> that's a triple from here. >> wow. >> so, we've got a difference in magnitude between $15 and $150 a share. incredible stuff. thank you for joining us, sharing your views on that one. >> thank you. >> certainly puts

better now, i can't tell you guys. >> when i look at the bric countries, i would much rather own an etfut that's better than the 2% in russia. >> russia is the "r" in bric. >>> after the break, the chief investment officer for a california teachers union how he's putting $170 billion to work. how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. >>> welcome back. my next guest manages one of the large

all those people that are indexed to the nasdaq 100, you can own an etf of that, they have to rebalancect storm tomorrow with all those things happening. >> we could have easily the biggest volume day of the year. in fact, we might have the biggest volume day in several years. it's very rare when you get this confluence of three of these events all coming together. all this will happen towards the close. you'll see very heavy volume throughout the middle of the day as indexers try to rebalance it. basically play the game ahead of the very close. the indexes have to buy essentially at the close right now. >> the guys, are they talking about this was a real rally yesterday? was it a one day wonder? i mean, the fact that we aren't pulling back today? >> i think the debate is whether or not they have taken something away from the santa claus rally which traditionally occurs during the last few days of the year and the first two days of january. that's an interesting debate. i'm more interested in earnings right now. i see earnings season so far not bad. minor revisions. the one exception is

you have an etf that does look at hedged equity funds there. believer in abenomics. you have a lot of supportive forces, they're going to be the most aggressive central bank in the world, just as we're starting to talk about taper in the u.s., whether it's later this month or next year, they're starting to talk about ramping up their asset purchases. all of this monetary easing is helping support a weaker currency. seeinging the yen go down to 103 this morning. weakening yen is supportive for their equities given the strong exporter nation of japan. talk about the great rotation in the u.s., there should be a bigger rotation in japan given they had the lowest bond yields in the world with60 basis points in treasuries. talk bay third of the s&p 500 stocks. over 90% of japanese stocks have a yield in treasury. >> you think they reach inflation targets about what the knee kaninknee nikkei and yen d >> they'll do whatever it takes to get the 2% inflation. they set out two years to achieve that and people don't think their current stances will achie

the vnq, you can buy that, an etf. and elsewhere, the transports, airlines are doing well. the airline stocks. chinese internet stocks are flying around. autohome yesterday, what, 17, so down a little bit. but all of the other ones, they're darlings of the day traders. they love that, because they have huge betas, move around tremendously from day to day. they're on the upside. i ipos, aramark, priced at $20, but a great move on the upside. a nice move to the upside right at the open, went straight up, has been holding. hilton priced at $20, and the same situation. that slow general move to the upside, up about 8% right now. the hotel groups all up. a lot of people speculating if hilton could open up 5%, it would bring up some of the hotels, and that's generally what's going on, starwood, hyatt, although marriott not on the upside. index, up about 32%, and the dow jones industrials hotel index. by the way, guys, the whole thing, the ipo parade, it's not over yet. there's a hot ipo pricing tonight for tomorrow. i'll be back on the floor again talking about nimble storage. th

an etf doesn't really capture mexico.o is a big story tore 2014. >> tesla not getting hurt by the idea that samsung is filing patents on -- >> have you been watching the ads that gasoline is the way to fuel? it's kind of the empire strikes back. don't rule out gasoline. exxon went from being a stock i really didn't care for until they showed incredible production growth. i'm all in exxon. i like the fact that they're bullish about themselves. that's all i'm saying. they seem bullish about themselves. >> a lot mentioning amazon this morning, a few different headlines. there's some reports it's moving to a group called go-pago, a mobile payment company. some german employees going on strike, protesting work and pay conditions and it's reported they're ordering some camera components, the suggestion that they're going to launch a smartphone in the first half of 2014. >> really? >> yeah. >> wow. i thought it was the credit suisse note about same-day delivery. do they have an anti-google robot? i think that amazon is doing so

. >> what will be an alternative emerging etf to the eem or ewz?ey've been underperformers. these are two places i think outperform in '14. >> when do the traders expect to see volatility return to the markets at least on a limited basis? >> as we talked in the beginning, probably the first -- maybe give it the second quarter here. somewhere between march and june as the fed really starts to withdraw that liquidity. that will introduce volatility to the market. >> buy sell or hold pfizer? >> hold it. there's a lot of cancer drugs as well as their atrial fibrillation drug. buy it. >> from tesla to twerking, a look at our top five "fast money" moments of 2013. >> our next guest -- >> are you guys talking about me? >> 50 years old and still looking great and young and handsome. >> isn't that -- i mean, regis, you are the man, an absolute stud. >> no, no, you are the italian stallion. >> tesla, tesla,s at the h s at >> nice. tesla. tesla. >> if you really want to be taken into the real pool of scotch whiskey, this is it. >> i want to be in the real poo

etf that for a felon working for the etf on as an informant to meet the new office on time i'm encouraged individuals to take shots that were not cut down to sa top shot inside the store with shotguns go insolvent saw them down and ending in one of those cases even to call back in and featured it in a sock down to the agent suggested walk on sunday my ears. very interesting wing of the atf has apparent that fitting at the doj for that they might have inspector general and acting and congress have demanded answers a lot save anything actually comes of that. john dietrich reporter with a mile walk the journal sentinel thank you so much. they do well it's back to work for us. congrats on the docket today it would be upping the national defense authorization act. something that congress has easily win you over the past fifty the air as partisan bickering has done the better part of the bill for the past couple of months. today the senate and house armed services committees took up a new version of the indy a bell for twenty fourteen deadline for a final agreement if one has to be reached by t

i think the etfs are a lazy way to play some trend they don't really know about. otherwise you have to pick up an annual. with etfs you can be stupid. >> apparently a lot of people like to be stupid then. >> is there a law against being stupid? all these banks when they get in trouble, what happens? hey, listen, we were just stupid. we weren't criminals. hey, look, we were really dumb, not idiots. >> good. how is your bonus? big bonuses. remember, we were only stupid, we weren't crooks. >> that's why we have the volcker rule now. let's move on to one name, microsoft. one name being floated about to succeed steve ballmer can be taken off the list. steve mollenkopf will become the ceo of qualcomm on march 4th and will succeed mark jacobs. i hope i'm pronouncing his name properly. jacob is not an old guy. he's irwin's son. >> he's younger than i am. >> maybe the idea that perhaps he would leave was enough to get them to -- >> his name was floated yesterday. you know what, i'm going to float somebody's name today who is like high up in a company and he's going to make ceo tomorrow. >> would you do th

etf, and there were a lot of short that. up you getting yourself set for a short squeeze in gold? that is anuestion. >> however, when you take a look at india, regardless of the etf investors that you are bringing in, they are losing out on buying all of that gold, so china has to make up for that. , can they do it? >> china can do it, of course, because they are positioning themselves as a worldwide currency, and having gold reserves is a key issue. demand versus the paper demand. we are seeing a lot of paper demand going away from gold, but physical demand has not disappeared. going tos right, switzerland, jim, whom we know, just came back, and he is telling me that gold is all moving to china right now in physical format. the paper -- paper trades are all going short, you are right, and in his opinion, that is set up for a short squeeze. >> it will remain a safe haven if you have the fed doing what it has done, and does inflation come back into the picture? does gold become exceedingly bullish in 2014? >> you have to imagine in some point, all the liquidity that has been put into the mone

has had such an unbelievable performance, so interesting you're going with some china etfs. >> absolutely.s.-based exchange traded funds that invest in china, first off, large caps. >> right. it's a little lower risk profile. we were buying back in july and august. we were hearing stories of bridges to nowhere, cities that were empty, and, you know, at the end of the day they're still building bridges. they've got -- liz: now they're allowed to have more than one child, come on, people. here it is, large cap. now, remember, things looked bad in june, july, that would have been a nice buying opportunity. you still see more return here as well as with the globalx. >> again, when it comes to china, a lot of these etfs we potentially were a little early, but we were getting paid 4 or 5% dividend yields, so i don't mind waiting. liz: we're putting all of these up on facebook.com/lizclaman because you need to go back and see what works for your portfolio if you're a little light on china or u.s. industrials. >> absolutely. liz: you like deere. >> we love deere. this goes back to the valuation,

an all-time high today. >> eww which is the mexican etf. they're going through reforms, corruptions coming out of the system, good article in the journal today. >> does it for us. have a great rest of the day @scott whamper in cnbc. >> "halftime" is over and power lunch and the second half of the trading day starts out in. >> look at these people coming at me, stocks, bonds, gold, treasuries, corporate bonds, copper, foreign exchange what do you do in 2014? strategies for all of the above ins just one minute's time. and the mortgage market it is about to change big time. diana olick is on the case. >> buying or selling a home, you need to know about new rules going into effect in 2014 for anyone applying for a mortgage. i'll break it down for you in four minutes on "power lunch." >> thank you. a new way for the independent investor to analyze the analysts. it's a game changer and you'll only see it right here on "power lunch." sue is out today. sara eisen in at the nyse. hi, sara. >> good to see you, tyler. we're getting to the big question

an interesting time. >> the hedge fund tree is up 50% this year. askedis a closed etfchange traded fund. -- exchange traded fund. ifis sort of a double dip you think the yen is going lower. >> great to see you. cofounder of constellation wealth advisors. we have a quick break to take. when we come back, tensions are flaring in the ukraine. the eu's foreign policy is how -- is trying to help the country addressed the political and financial crisis. we talk about the economic and global applications -- global implications. ♪ >> demonstrators are active in the ukraine. -- richardnt falkenrath is the former white .ouse security advisor he is rentable at the chernoff group -- chernoff group. basically you have the ukraine favoring russia over the rest of its relationship with the eu. what is at the heart of the matter? >> it is a historically divided country. it is not the entire ukraine, it is the current president that represents the ethnically and linguistically russian portion of the country. the other half of the country is ethnically ukrainian. they are historically m

five shares of the s&p 500 etf which would be about $900, about $100 left over, one ounce of gold or less than ann, plus change, or one bottle of 2010 domain de la wine. it retails for about $1,000 and according to wine snobs, it is the blue chip wine these days. no drinking. we're talking about asset accumulation, serious exercise. go to streetsigns.cnbc.com to cast your vote. right now, the s&p 500 is winning. >> really? i'm a little surprised by that. but we made our picks here on "street signs" and we wanted to go around the horn and see where everybody stands. herb greenberg, where would you park your money? >> well, if i knew more about bitcoins, really understood it, most people don't, i might go with bitcoin but i'm going to go with talking my book, i'd go with gold because it's so hated. so hated. >> just because of the sentiment? >> just because of the sentiment. everything else you've talked about, including, i suspect, the wine, has had its run and will -- you know, it's just in bubble territory. >> all right. so, herb is going with the gold. >> i'm with the wine. i went with the wine

etf's. at 14 i taught myself options in started trading them. >> let's debt back, because your parents are involved in this, obviously you being a minor you will not have anyour name. what is their background in the world of finance? >> my mom actually showed me the basics of the market at seven. from that point, i thought was of everything else. >> taught yourself everything else, all right. what did you learn to come up with some of the topics you are focused on now? i know for example bank of america. >> that's right, for bank of america, the chart looks really good on that. 2003-stop ande 15 think it will go back to the $20 level. the think that buying the january 2016 $17 calls is very smart. >> wait, you're talking options. you trade options? >> that's right. >> have you been successful? options are not for everybody. >> very risky. >> what made you decide to use options as the tool? >> for options, i think the first thing is i wanted to learn more about the market, and then also for options to kind of leverage my gains and risk less. >> all right, so bank of america is one stock. the other? >> ebay. >> what attracts you to ebay? >> ebay really has

there's an interesting phenomenon here where if you hold one of these precious metal etfs you play theibles tax. if you sell out to something else you may not be subject to the wash sale rules. >> is there nothing you don't know? >> this could be huge implications if the irs doesn't come out and say you can or cannot do it. >> 13 minutes left to go. >> look at this. >> for the year. the dow is now up -- is that -- >> yeah, that's up 81 points. >> the dow is up 81 points. is the s&p at 1850. >> yes. it's turned around. the buyers moved to the sell side earlier. now it's suddenly to the buy side. so here we go. >> on a day where we typically don't have the buy. >> exactly. gentleman later in the show, a big change may be coming to the internet where addresses don't need to be dotcom, dot net, it could be dot your company or anything you can think of. good idea? bad idea? tweet us what you thin think @cnbcclosingbell. >> people will be celebrating the new year. before you toast, join us to make sure your 2013 fiscal plans don't give you a hangover next year. we'll be right back. [ male an

isre's an app for that, it called a motive, and it could be the most disruptive innovation to hit the stock market since etf'sa portfolio stocks based on that idea, theme, event or trend. each occurred he is weighted to reflect this exposure. makes a motif different from mutual funds or etf's is fractional ownership. you actually own your allotment of shares in each motive, and you can customize the way things. that is the secret sauce. plus, there's no management fee, no lows, and no tracking errors. buying a motif costs 995, -- $9.95 bud selig one is $4.95. motive has given investors the power to build their own. there are over 25,000 motifs, and he gives them a lot of information about what is excited about and what they're investing in. the ceo of motive investing is back on "market makers" to tell us what the data shows. what is going to be hot next year? you have a window into the future. >> we are trying to. we have a lot of top 10 trends. the biggest one that surprises is robotics. gaining momentum, google alone bought eight companies in the second half. several talk about amazon, dhl, you have apple

an obvious clue. right now large cap growth, ivwf you want to play the etf, is 15% off historical average.u look at large, medium and small. the only place still selling at a severe discount. >> do you like it, nathan or do you stay away from it? >> no i like it a lot. i think it's being ignored. i think it's being ignored because of cyclicals because of noise in china. you look at the sector and say, wait a second. this is where the big boys simon, tend to play when the economy gets going. large cap growth companies everyone has abandoned because of all the people giving out dividends or buying stock back. >> simon, if you believe we're on the cusp of a broader, more sustainable cycle, then you want to buy those names. but if you believe what simon is saying, which is there's something to this that isn't -- how would you describe it simon, sustainable, believable you have -- >> you have a generation of ceos that is more interested in boosting stock price and boosting value of its stock options than investing in the economy. fact. >> simon, that's been going on since 2006. merrill lynch go

etfs like econ that invest in the middle class in those countries. countries that supply them they have more disposable money and more successful we are. an area that underperformed this year which is interesting for the future. we think people need to make sure they're not overly invested in u.s. stocks because they so outperformed the rest of the world other than japan very likely they need to look at rebalancing their portfolios a little. cheryl: that was very specific answer. glad you got to all those countries. larry, look at year, the last month of trading volatility has been low. with all the good news, larry, are you orried about the vix really popping in 2014 and kind of the brakes getting hit if you will for the market? >> we might see temporary spikes in the vix but you know i look at the market as a whole. you look at fx volatility, energy volatility, metal volatility, it is all very low. it is in the sub10% tile as judged over the last three years. that tells me we're in macro calm right here. could we get as you little spike in the vix? absolutely. i think trend continue to be lower because the economy is healing and we'll m

this is an instance where it will be bad news in the market might. the tlc, the 30-year long bond etf, see that this tree is positioned to go lower and race to go higher. as far as the positioning with treasurys. treasury shorts are near one-year highs. very good chance that will surprise everyone and you see rates dip down. lori: and equity markets. chief equity strategist, making headlines. first everyone knows rates are going up. >> the economy continues to strengthen. systemic changes which could fleshed-out of to the sidelines. i have been reading reports that a lot of the managers are still sitting on elevated levels of cash. this is probably the most jaded rally that we have seen in the years and i have been a trader. also we have some regulatory tailwinds next year. people keep talking about maybe the fed moves on excess reserves a negative interest rates. what does that mean? ever since the financial crisis banks have been warning about 2 trillion that the feds have been trying to flush into the system. if the fed was to start taxing gas was savings that we have a depository

etf down 450 tons this year. sue? >> all right. thank you very much, bertha. let's see how the market in the bond pits is performing given the fact that we had an a auction in thewo-year note today. how does it look, ricky? >> you know, it's easy to have a good grade on the short it's the long end we need to look at. intraday of 30 year bond yields, 391, moved back towards 387. they weren't a big portion of the buyback so you might not have paid close attention. look at the spread between 5s and 30s, steep today but it was at 222 the end of last year, we're in the 237, 238 area. the euro versus the dollar we hover just under 138, it was at 132 on the last trading day of last year. tyler, it's all yours. >> thank you very much. it's the best performing sector in the s&p 500 this year, but are there still good opportunities in that group right now? and do you need cash? maybe you turn to your rich relative? dominic chu and robert frank all over those stories. dom, you first. >> how about you take a little break from the power lunch and do some investing, rest and relaxation. some r and r for your investment portfolio after the break. >> millionaires giving away s

etf does make sense on any lift tomorrow. i don't like to buy them in the vortex of a big decline. you might be able to eliminate some of the risk of betting against anmething good might be happening and you get the protection for the rest of your portfolio that you need. that's hedging. it's a real good hedge. if you want to, you can buy johnson & johnson and procter & gamble. and my trust owns both of them because they are earnings momentum and restructuring stories respectively. we will be looking to buy them for the trust if they get hammered. i know it shouldn't be that easy. you have to be suspicious of any trading strategy that comes out so easily. but it sure makes sense if you're calling for the over so to speak, meaning more jobs as my friend and writing colleague at the street.com has suggested to me. and by the way, this man has been dead right on this number. probably the best guy i know on what the number's going to be like. besides, it's cheap insurance of what could be a treacherous 3.35% in the ten-year that will, indeed cause stocks to decline. it's going to be a shock to the parts of the stock market that are most sensitive to rate

an opportunity rather than a crisis? of qe has made the u.s. outperform emerging markets. now we have the taper. maybe tapering will be good for emerging markets. you look at the emerging-market sovereign debt etf by the treasury etf. when the taper talk began in may, you saw collapse of emerging-market debt. now you have the taper on the far right of the chart. emb is outperforming, leaving. this is the face of the taper. this is very important. >> this ratio is emerging bonds versus u.s. treasuries. when the ratio turns up, that means emerging bonds are outperforming treasuries. >> that is in the face of the taper. that is a massive change in tone happening now. as much as we're told taping is bad for emerging markets, emerging market debt seems quite the opposite. >> is this a function of the fact we are tapering so there will be less of a bid for longer dated paper here? or is it because there is a rebound happening in emerging markets? >> i think there is an element of confidence building. we have seen action taken in india. we have seen brazil raise rates. emerging market paper seems more stable than it did in may. ways, it is the ultimate contrarian trade. nobody thinks emerging markets

etfs are low-cost funds. so you can keep more of what you earn. get started with the new ishares core builder. design a personalized ane your investment goals. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges andxpenses. read and consider it cafully beforenvting. risk includes possible loss of principal. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,0 jobsere. we invest more in thu.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest ener investor. our commitment has never been stronger. tracy: how about some shares of stocks to go with that. is set for a new stock option with a little special offer for the best of the best customers. dennis kneale has the story. dennis: amc has 5,000 screens, $2.7 billion in annual revenue, but the company year-ago and, now wants to go public but instead of simply going through the usual suspects amc also will offer stock in direct sale to members of its customer

etf. listen up. five stocks are being added effective december 23rd. the addition, dish network, illumina, nxp, trip adviser and tractor supply. trip adviser is thriving on an has been a hot name. this stock up about 70% over the past 12 months. the stocks leading, fos sill, microchip tech, sears holding, dentsply and nuance communications, the worst performing stock within this pack. the nasdaq rebalancing is washed by fund managers that track the intex and lead to investors rebalancing their portfolios. get this. according to the investment research stocks that were added at the end of 2012 are an average up 34% since then while stocks that were removed from the nasdaq 100 index are on average up 41%. two of the stocks removed in 2012, that outperformed this year, you know these names, netflix and green mountain coffee. perhaps getting added to nasdaq 100 isn't as lucky as you would think. >> seema, thank you so much. >>> all eyes are on the senate set to vote on the budget compromise deal by the end of the week. despite bipartisan agreement is no sure thing. john harwood, live in august washington. >> washington has shown a consistent ability to miss poi