on the technicals, steve pyler and steve cortez. it just the turmoil in the e.m. that's creating this flight to safety? >> you know, i don't think so. i think one of the reasons gold did so poorly last year is actually because of emerging markets. the marginal demand for gold tends to come out of emerging markets, particularly china. china had a very tough year. so gold did as well. now, it's had a nice bounce, very nice bounce so far in 2014 but it's really not that material when you put it in the context of last year's performance. if you bought it a year ago today you're still down almost 20% in gold. i believe in gracie gold, the american skater. i do not believe in gold as an investment. the main reason, we don't see inflationary pressures primarily because wages are just too constrained. wage gains have been tepid at best. that's not the recipe for an inflationary gold rally. >> cortez is not a buyer. let's get to the fundamentals. it might be heartening that on friday, gold closed above the 200 day moving average for the firs

and steve cortez. steve, for a couple years now.rd defense department cuts will slam these stocks. guess what? if you sold them, you made a mistake. should we sell them now if we still own them? >> today's action is revealing that once again, these stocks are vaulting higher despite supposedly bad headlines. here's what i think the investors of these stocks know. defense budgets are not going to be cut. they never are. there is no vested interest in cutting the defense budget. yes, we can talk about it, it's been talked about in the past. didn't happen with the sequester showdown, didn't happen with the government shutdown showdown and it's not going to happen this time. only people that want to cut the defense budget are hard right libertarians and hard left liberals. those are very small cohorts. the vast middle wants to continue the corporate welfare and this is a chance for a regular investor to shake hands with corporate welfare and buy these stocks. >> don't complain. get in on the game. all right. carter, let's look at the de

craig johnson joining us on the charts, steve cortez on the fundamentals. want to start with you. jos a. bank, do you think this is some kind of game they're playing as okay, go away, men's warehouse, we will do this in the hope they get reborn together with men's warehouse? >> i do. i don't think this is a reason to get involved. it almost got a bit comical -- >> it's like they're playing games. that was kind of my point. >> it is. they tried to buy them and men's warehouse channeled moe green from the god father and said you don't buy me out, we buy you out. this is a story for investment bankers right now, not for long term investors. now, there is i think a bit of a floor under the stock price because of this in terms of jos a. bank but in general, retail is trading very, very poorly. i'm short the xrt, the broad retail etf. it's hitting four-month lows today. to me, to pay a market premium, meaning you will pay a higher p.e. than you get for the market as a whole for jos a. bank right now, in that space of retailing and apparel which is particularly tr

on the technical, steve cortez, founder of veracruz, and ron, capital markets.g the travel-related names had done well and i joked to the team, maybe everybody wants to guess the heck out of dodge. is there anything to that or something else moving these stocks? >> i think it's something else. i think it's related to the fact that these stocks are the only real growth stocks in the marketplace today. it's a really hard environment for growth overall. the s&p 457b sa500 sales growth. and double digit sales growth. we liked the names based off that and that's one of the reasons the valuations are so high right now. >> ron, when you say, clarify, some of the only growth stocks, are you talking be travel names are of all names? >> of all names in the marketplace. >> wow. >> we look at, for instance, the s&p 500 growth index, there are a lot of traditional value companies that are the heaviest weighted stocks in that index today. so companies like expedia and priceline, xzibit, more of those growth trends, vis-a-vis the sales growth margin growth, roic. go down the l