b.k.? >> yeah, well, i came into the day long, i didn't make any sales in the market so i guess i would say i'm a buyer. going into tomorrow, though, where you can make some action on this, i'd certainly be buying puts at these levels. the vix is so cheap here. you have a free men douse runup. we've removed all issues out there. now we have to worry about is the monetary imbalances. when things get that good, it scares b.k. a bit. >> it does feel like the market just wants to go higher and the china data overnight helped to juice this rise to five-year highs here. >> i think the scaring of b.k. is something we should all pay heed to. >> i agree. >> last night, we had great news out of china is which, at least if you believe, it's funny, because china data overall, when it's good, people are skeptical. when it's bad, people say, you know, china's going down the drain. china has been giving you extraordinary data, if you think about where they have come from and you combine that then with the

karen is undefeated. >> b.k.tion. >> and ratio. >> i mean, ratio, he just pulled that out of nowhere. >> nonlinear. >> that's what six years of college will do for you. >> everybody gets a medal. >> everybody gets a trophy. >>> coming up next, how to create the best bang for your buck against the u.s. dollar as the debt ceiling debate intensifies. and we head to twitter to trade your tweets. much more "fast" coming up. see life in the best light. outdoors, or in. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little better. visit your eyecare professional today to ask about our newest lenses, transitions vantage and transitions xtractive lenses. experience life well lit. ask which transitions adaptive lens is best for you. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >>> the euro trading at 11-month highs. is your best

you never know. >> i actually think b.k.milted a smell. >> that's funny. >> 100-volt object in 220-volt outlet, you have a smell. but that's not what you're talking about. but ultimately, input is pretty tough. output is real tough. there's no reason you can't do it. you have 3d printing today. if you really think about it, it's an output of a texture. it's coming. consumer level. there's no question. >> and in terms of, is this going to be the next big wave of computing that will drive the next devices that ibm will sell? is this going to be a big market? >> cognitive computing will drive a large part of it. we're working with guys with our watson system, which is really early variant thereof, so, this is something that will be common over time and can have tremendous capabilities. after all, the humans, like i said in "jeopardy, kws had a 4,000 deficit in power and did well. yeah, it oos something that will become major over time. >> what is the one industry, it's a slam dunk to use c cognitive computing? >> i think up fro

b.k., what do you say? >> i came in long today. i stayed long. i don't think there's any reason to be terribly concerned but you need to buy puts. i will absolutely say that. we are at five-year high lgs here. volatility is that low. you have to protect yourself. what's going on at least from where i sit, my perch, you have to think that every central banker in the world is looking at ben bernanke with envy. they are going to start to devalue their currency and that is making equities catch a bit in every part of the world. i think that still continues. doesn't work forever but it will work for awhile. >> here's the bullish case. half of the s&p 500 is up 4% in 2013 alone. the transporments are at a 52-week high. russells, mid caps, all-time high in today's session, tim. >> so, you get into this doubt, really on the edge of their seat because we're almost going to break out here on the dow, which is the quince dent breakout for the transportation and the dow. but i look at the housing sector, what brian's talking about, the yen's weakness against

b.k.make the call. >> ah -- you know what? if you -- yeah, there you go. ah -- i'm not a buyer of u.s. steel. if rhyme going to buy metals, i would rather be in the base medme metals. i do not think the world economy is that strong. >> time not for pops and drops that you might have missed today. a drop for consol, down 3%. >> gnnat gas is levered to thei coal production. that's why you saw aci, btu and consol, stay away from the name. >> drop, macy's, down 2%. beeks? >> this is where you really saw the consumer being tapped out, themes starting to play, down 2% today. i think probably in the retail space, it's tough to play now. but this is not a buy down 2%. i would stay away from these names completely. >> pop for cummins. >> that's a big move in cmi. i think it trades up to the may highs. if you are long it, i would hold it until then and then get out of the entire position. >> this is a pop that feels like a drop. the move is only 1%. bph up 1%. >> after the move it's had, this is an

b.k., give me a quick trade on gold. >> love gold and silver. little more levelered and volatile. >> coming up at the half, will fatebook prove they can go mobile? business insiders, henry blodget shares his take on the company ahead of its earnings tonight and amazon soars despite missing estimates. is it time to take your profits and run. two profits and one heated debate. more halftime is up in two minutes. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> welcome back. am mon shares surged. wall street focusing on the better than expected profit margins but will that be enough to keep the market rallying. let's debate it. b.k., you're up first. >> her

karen is our bull, b.k., the bear.art with you. >> well, the reason i like goldman sachs, a couple. the quantitative ones are the obvious price to tangible book value, which i think is unique ly low. if i look at the last ten years of that metric, 45% lower of the past ten years. trying to even out for the ups and downs. those are value-driven. those are two big things. but the rest of it is qualitative. we could see improvement in a lot of lines of their business. m and a could improve, equity trading could improve. this is one of the premier management teams in the world. it is a premier financial services franchise. and, lastly, i think that their reign as one of the most hated companies in america is coming to an end. probably to be replaced by apple, i think. and for all of those reasons i think that, you know, we're used to things now trading at this multiple to book and i don't think we should be. i think -- >> dude, you're toast. >> i don't think so. >> she is the -- >> i know. >> reigning champ so far. >> i go

. >> b.k.? >> you want to buy the australian dollar, fxa. >> dr. j? >> noble energy. ne. it's a driller and it had unusual activity and big buying at the 40 and 42 strikes. >> all right, i'm melissa lee. thank you for watching. back here again at 5:00 tomorrow for "options action," followed by "money in motion." meantime, don't gomotion." "mad money" with jim cramer starts right now. >> i'm jim cramer. welcome to my world. you need to get in the game. stearns are going to go out of business and he's nuts, they are nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to make you a little money. my job not just to entertain, put it in context, teach and educate. call me 1-800-743-cnbc. all right. sometimes you just have to don the old bear costume, put yourself in yogi's hat or even boo-boo's paws to understand this market. the dow roaring 85 points, and nasdaq climbing .59%, happy days here ag

. >> b.k.? >> jjg, buy it. >> doc j? >> deck.al activity following up on yesterday's takeover rumors. >> thank you so much, i'm melissa lee. meantime, don't go anywhere because "mad money" with jim cramer starts right now. >>> i'm jim cramer. and welcome to my world. >> you need to get in the game. go out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. other people want to make friends, hey, i'm just trying to help you save a little money. my job is not just to entertain, but i'm trying to coach and teach you. so call me at 1-800-743-cnbc. just when you think the stock market can't keep rallying, when you think that stocks have gone up too far, too fast, the buyers, they come in with a vengeance today! ♪ hallelujah . dow climbed 82 points, closed the at a five year high. why did the stocks rally? why? sometimes it is pretty call cuable, simple, because the simplest driver on earth, china, reported a blowout export number sh

from new york, managing director at b.k. asset management and a cnbc contributor, as well. g gents, i enjoyed our chats yesterday. thanks for picking up on my original comments. we had barclays, you know, and then independent strategy were the firms that came out and said toward the second half of the year, we could see this trifecta happening. boris, how plausible is that from where you sit? >> i think that's definitely the current trend going on in the marketplace. everybody picked up on this note mainly because the divergence between the euro and s&p has really accelerated. and i think there are a lot of reasons for it. primarily the key reason now is we're entering into a phase of what i call every man for himself environment. every government -- we used to after the 2008 crisis, most of the global -- central banks and global governments came together and coordinated policy, fiscally and monetarily. now everybody's following their own different path. i think that you've seen a divergence that's going on. now the dollar supercycle, king dollar thesis, rests on an interes