we will debate and discuss that with our investment committee, stephanie link, tiffany mcgee, michael farr, john najarian and we kick it off as we always do, a look at the trade. another record setter. the dow has fallen back, nasdaq is negative, as is the russell, s&p holding on to just about a five-point gain. everybody is thinking about what this new year is going to bring. john najarian, i go to you first. you have what may be some very interesting clues as to how some big bets are already being placed tell us. >> sure, scott well, virtually as we hit those new highs, we had very significant put buying show up on our computers, our algorithms and it wasn't small. it was huge. it was 14,000 contracts in one strike, it was 50,000 contracts in another strike. those are very big that's enough to get your afence a -- attention and buying out of the money hits the new high. it doesn't have to go down and be a 10 or 20% correction but some very big money. these were 5 million to $20 million trades that were going off in fractions of a second when that happens, that tells you that people that

for the hour, jim levle leventhal, jason snipe is principal of odyssey capital vi advisers and michael farr. take a look at where we are trading this friday, right across the board dow, s&p and nasdaq on track for their largest weekly losses in some six weeks steve weiss, i'm wondering what the action tells us, if anything, about where we are and where we may go. all right, jim leventhal, i hope can you hear me and we can hear you. why tonight don't you take that question. >> so the markets are off about 1% or 2% depending which index you look at. that's not horrible but it is an omen we clearly need fiscal stimulus to bridge the gaps of when the vaccines are dis wtributed las g largely. people are hurting a lot if you're a restaurant owner or employee, you're in trouble and you're scared. this is classic philosophy of hobbs getting us out of the jungle via is the social taxes p we pay taxes so the government will take care of the needy. i'm getting kind of hot under the collar that it's taking this long this shouldn't be politics opinion we need stimulus right now. not for the stock market

given my current weight, you can go with far and wide >> thlet me turn back to the always slender michael farr. it sounds like i kind of want it both ways. you say the rule of stocks is buy low but few stocks are low and then you say the stocks are high, the path of least resistance is for them to move higher so what should i do? >> right this is one as a money manager you really feel awful. you're always nervous and right now you're most nervous. tesla's a great example of the sort of disparity and disruption among stocks and across the index and for markets. it's been going up it's over 1,300 times earnings for a pe we just heard from bob pisani that the s&p is trading at 22 that's still two standard deviations above the historical average. so for me, tyler, this is a time where even though stocks are trading higher, it's so important to know what you own and why you own it good balance sheet, something with really earnings could tesla keep going higher? yes. am i going to buy it not on your life >> ron, let me ask you sort of a similar question you got stocks trading at records. you got som

for the hour, jim levle leventhal, jason snipe is principal of odyssey capital vi advisers and michael farrake a look at where we are trading this friday, right across the b

we will debate and discuss that with our investment committee, stephanie link, tiffany mcgee, michael farrjohn najarian and we kick it off as we always do, a look at the trade. another record

now that farr's attorney met with officials in new york, making a big decision about the future of his establishment. he will announce it here, next. ♪ - hi, friends, michael here. have you ever been rejected by someone you love? a parent, a child or loved one? it hurts doesn't it? but to all who become god's sons and daughters, he has promised i will never leave you, nor forsake you. will you come to jesus today and surrender your life to him? - [announcer] come find one who will never leave you feeling rejected or alone. visit findingtruepeace.com to find out more. >> tucker: earlier this week, new york police arrested the owner of a bar on staten island. apparently, the lockdown rules, and the school supplies you, only applied in the republican voting parts of staten island. i was so obviously political, the whole thing, the protesters came. you could walk two blocks from the bar without any objections from the state health department. today, the owners of max public house met with city officials. brindley didn't go well, here's what they told us a short time ago. >> thinks tucker, thanks for bringing these cameras out here to make an announcement. last