i don't want to be accused -- i know people are thinking, oh, options action cnbc, just fear mongerings up, these charts are important, and also, the fact that volatility is low is important as well. >> i think that's exactly right. first of all, earlier remember what we were talking about. a hand full of stocks, that are outperforming as a lot of capital is chasing opportunities. the growth stocks. what other sectors of our economy are doing well? housing has been. cars have been. heavily financed purchases. stocks also have been. heavily financed purchases on margin debt. all of this a byproduct of low rates. what you want to see is obviously other areas of the economy, obviously justifying this type of growth. to me, it does seem extremely dangerous where we are. we don't have real economic growth. we have valuations, that are at or above actually historical norms for the s & p. those two things in conjunction make me think there is little potential upside and more to the down side. >> volatility being low, there's ant opportunity here to protect -- >> there is. the easiest way to d

eastern time on cnbc after options action. with the markets surging, why prepare to go short right now? joining us is bill fleckenstein. he joins us. bill, great to speak with you. >> thanks for having me backs. >> give us context as to why now in terms of what's going on with the fed. and also valuations in the market. >> well, to answer your first question, if you're going to be in position to do something at some point, you have to plan to do it. and then you have to go out and get set up. so at this juncture, i'm just moving the parts forward, so that i could restart my fund early next year. having said that if i had started it yesterday, i wouldn't be short a share of anything. the reason i closed my fund i knew the fed would print lots of money, i never dreamed it would go on this long or stocks would get back to here. but they have. and when i closed it down i said to my friends, that i wasn't going to try to get short stocks until something took the printing press away from the fed. my view is the backup in the bond ma

. >> we'll see you for more action tonight "options action" after "fast money" on cnbc. >> mark zuckerbergy has money to burn, paying well above market value to buy four of his neighbors' homes. why? robert frank has the report. >> thanks. if good fences make good neighbors, billionaires make even better ones. facebook ceo mark zuckerberg reportedly spending $40 million to buy four homes around his home in palo alto. mr. zuckerberg bought a home along with three others. one homeowner said he didn't want to sell, so zuckerberg paid $14 million, local brokers telling me twice what the 2600 square foot modest home would normally sell for. zuckerberg has no plans to build a mega mansion on those reports. he's leasing them back to the owners at a low price. the key issue was privacy. not having nosey or hostile neighbors nearby. one thing for sure, his neighbors are very grateful they live next to mark zuckerberg. >> thanks so much, robert. stick around for our friday rumble pitting regular wall street pro against an ex-nfl player turned stock jock. find out what they're watching for on the str

speaking exclusively to cnbc the ceo said the action is politically motivated. mentioned competition. i will meet this week and we will try to give answers. questions have been raised but some of these questions are far away from the reality and i'm afraid that they are generated on political motivation, not on economic performance. >> gazprom shares trend down. russia just down, what, 2/3 of a percent. >> reports of a new leak in fukushima are sending power shares lower. we have this story live from tokyo. over to you. >> hi, another tank was found leaking contaminated water. part of it possibly flowing out into the ocean. tokyo electric power says it was not standing straight as it was built on a sloped area. still water was poured into full capacity leading to a spillage. chief cabinet secretary suga says the government will work with tepco to prevent additional leakages and reiterated the fukushima issue is under control. the nikkei reporting that they will get a new waterproof system in order to speed up the decontamination. the new system will be jointly d

cnbc's jon fortt was in san francisco for all the action.filed this report. >> yesterday, we saw apple roll out the new ipads, also some new software. as we're looking forward to today, probably the most important thing about this is the longer term impact on margins pt in the nearer term, over the last week or so, we're speccing to see earnings. expect that to be heavily influenced after, a,arter injec. apple being more specific on their guidance, also what they have to say about the supply of their new iphone. longer trm, taking a three impact of apple's announcement today, now you have four ipads in the lineup. you have the mini in a retina dwis play at $399 and a nonretina dwis play at $299. you have the full size ipad air at $299 and the ipad dwdz 2 still sticking around to $299. that's mainly for education customers who don't want to pay full freight and don't care about the high resolution. that's interesting because what it does to margins, apple is clearly not willing to sacrifice margins on the mini by bringing it down with the lat

government shutdown, the president telling cnbc that the markets should be concerned and today they definitely appear to be. it is halftime. let's play the action and get to the stalemate in d.c. john harwood, spoke with the president yesterday, he is live with the latest on mr. obama's message and how it's being received. john? >> he took his message outside of the white house where we did his interview where he met with leaders and took it tout a business in rockville, maryland. repeated the same thing, the health of the economy as well as the fate of government workers and people who need government services are being held hostage by republicans. pounding them as republicans are trying to counter message trying to say democrats won't open the parts of the government that we voted to allow to open and both sides are digging in. they're going to be listening to their pollsters and feeling the heat from donors and constituents one way or the other and once one side gets enough heat they can't resist it anymore they will give in. the white house betting it's going to be republicans and hoping that wall street will help him with that process. >>

cnbc. >> there's nothing like it. >> i'm going to teach you how to handle the corrections, part of cramer's stock market survival school. take your portfolio against actions nasty. it was the time of the fiscal cliff or even the original sequester scares. i want to go a step further. you need to understand what those risks are. you need to know what might cause the next selloff. you need to be familiar with forces causing your stocks to get hammered that you may not even know about in other words, when the market corrects and you know it's going to, you need to know what is really hurting your stocks. companies that do well get rewarder with a higher stock price. companies that don't do well get punished with lower ones. you know, in a vicious decline, the connection between a company and its stock can be thin and even severed. you'll see the stocks in good companies get taken down right with the bad ones, even when they report good news. that's the kind of action that can drive investors completely insane, it drives you batty, reporting a blowout quarter, you're thinking what can make anything go higher? is there distinguishing the good from the bad when

action or inaction and how it would impact them. the former ceo of continental airlines and a director on the boards of sprint, honeywell and prudential told cnbcs washington's impasse makes planning treacherous because you don't know what next step is and you don't know if you're going to step on a bomb or if it's going to set you free. now even smaller companies like new jersey based flex line are being impacted. the maker of metal hoses used in a variety of industries telling cnbc in an e-mail a temporary fix does not allow our customers to plan. it makes revenue streams and therefore planning chaotic. does so for everyone in the supply channel. blanket orders go out the window, lead times get pushed out which causes our costs to go up. it's a mess. a mess a trerry fix won't clean up. back to you. >> thank you very much. let's continue the conversation on these topics with one of our cnbc global cfo council members live from omaha is bill gerber, td ameritrade executive vice president. good to have you with us. >> thank you. >> mary raised the point an awful lot of business executives are saying how can we plan for 2014 and beyond when we lur

of gold action and the gld and whether you prefer the gt -- gld, the miners, or some financial -- >> okay, stephanie link, coportfolio manager of me my charitable trust and a contributor to cnbcwe both agreed today in a chairman's club call we do for subscribers that gld is the way to go. and i said it's right. i think the india pressure is almost over. september is a huge gold month and they haven't been buying. that's why gold is down. i need to go to robert in my home state of new jersey, please. >> caller: hey, jim how are you? >> i'm real good. >> caller: i wish you could shed some light in alcoa. i worked in the industry, and it's a product that is used widely in many different industries. i'm curious to know why it performs the way it does. i just heard something about a downgrade. >> i saw klaus kleinfeld, the ceo, yesterday. look, he is doing the best he can. he is a great executive. but in the end, there is just too much aluminum. and a lot of people feel that alcoa can wait. the gift of fear. buyers might think washington is a joke. the problem is the punch line not that funny. "mad money" is right back. >>> coming up, inside job. the government shutdown might stal

jared bernstein, cnbc contributor, he is a former chief economist to vice president biden. doug holtz aikin and former cbo director, and dan holler of heritage action for america. dan, let me begin you. neither of our representative representatives that we had on the show seem to be willing to go for a total repeal of obama care. what is your take on is that. >> the fight is going to continue. i think the american people kmpt expect their lawmakers to continue pushing this. we know it's a bad law. we know it's hurting people. the question is what do we do next? and i think from here over the next few months, you're going to see the people who are responsible for passing that law, they're going to own this. and people like kay hagan and mark pryor and mark begich, they're going to have to explain to their consistents why they stood in the way of efforts, legislative efforts that would have spared their constituents. >> and you advise -- you advise members this was a key tonight in the house. probably in the senate too. but i know now, you advise them to vote no on this package, could you not? could you tell us why? >> yeah we did. fundamentally this

cnbc, full disclosure there. >> i didn't know that. >> appreciate that. will stocks stage another rally? we will talk live to give you a leg up on friday's action.o g you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ paying ourselves to do what we love? so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. >> welcome back. 30 seconds on the clock for my guests to tell me what we should be watching for tomorrow. what do you want to be prepared for for tomorrow? >> we co

cnbc, sometimes even on your show that options for a particular stock are expensive right now or reasonably priced right now. how would i know when options are reasonably priced or expensive? i'm an action alert subscriber. i've read all your books, but i don't remember this being discussed you know, i did -- i addressed it in real money and also in "getting back even" but it's a great question. what i like to do is you take the option, look at what's known as the premium, just if you backed out the price of the stock. if it's very high and the expiration of is the put or the call is happening in a very near short of time, you know it's expensive. you have to measure the premium. the premium can be too big. that's when you have to avoid it. >>> you've heard it bhf, timing is everything. it's especially true when it comes to investing. in the face of a sell-off, please, please, don't panic. time is on your side. take a breath, relax, keep your head and maybe buy. time is money. i've got a lot more, coming up. stay with us. when to buy? when to sell? it's all about time. you could have the best stock picks in the world and it won't mean a thing if you didn't also have a good sense of timi

government shutdown, the president telling cnbc that the markets should be concerned and today they definitely appear to be. it is halftime. let's play the actionwith the president yesterday, he is live with the latest on mr. obama's message an