first to the new york stock exchange and ben willis. ben, the main question on everyone's mind today, is this u.s. equities rally a bubble? are we cruising into a bubble, and if so, will it burst? what's your take? >> it is definitely not a bubble. take that right off the table. we have had a great run without a doubt, pretty much uninterrupted. the best correction we've had about 5% going back in early october. so professional traders will tell you they're concerned that you can't have this kind of run straight up without some sort of pullback. the pullback may come when we finally see the fed taper at some point as nicole just pointed out. we don't think it'll be in the mortgage backed, the housing market's going well, but in the bigger picture we're starting to see some smart money in the russell 2000. that's under a little pressure while we celebrate the dow and the s&p. i don't think we're anywhere near a bubble. we'll continue to see money leave the fixed income market and come into equity, but the professional trader would like to

ben willis, thank you, my friend. we are definitely noticing a trend here, that the worse the healthcare rollout gets -- generally 0 -- not all -- generally the higher the statistic market goes. the worst it looks for a big government initiative, the better for the private sector? >> some of that to me it's like the wizard of oz, to some extent obamacare is the house, and the house has landed own the witch from the business community's perspective, which has been the president, who is not a friendly guy to profits or capitalism or entrepreneurship or investment in businesses, and when that house lands, and figuratively speaking the wicked witch is dead, the munchkins come out in the street and celebrate, and you're seeing that. this is not just the healthcare side of it. this is also you're seeing it in op-ed where folks say this might be the end of the progress receive -- progress -- progressivism circumstance whether it's union rules or environmental and global warming policy, all of these things this administration

nordstrom, the group was next and we saw late day selling on the market and i talked-about traders ben willisins and picked some profits going into the weekend. dave: nice to see j.c. penney in double digits. let's hope it stays there. thank you very much. tracy: we have to head back to the pits of the cme. what is going on? >> heading into the close, jobs next week our major focus. the unemployment rate drops, a good sign, got the day to a good start. the middle of this christmas rally market is bullish and has been bullish all year. dave: thank you, there is trouble with a new fallout from the obamacare mess and more trouble, small-business getting cancellation notice from their health insurers saying current policies don't meet the requirements of the affordable care act. dagen: now the details. >> you may not know this but small-businesses left 50 people on the payroll, required to offer health insurance under obamacare but those that do are eligible for tax credit. one other business providing care to a staff for years, this january, maybe the first time they have to say no. >> beautiful

ben willis, that speaks for all. thank you so much. good to see all of you. as we just mentioned, let's not ignore china. the other business networks may not be working. we are in telling you is critically important to u.s. companies and investors to wants china. chinese top leaders holding a four day policy meeting expected to set the economic and political agenda for the next decade. this matters to you, the u.s. few doubt the need for dramatic change, what is china ready to implement reforms that could upset china's wealth the lead? let's bring in jo ling kent. she worked there, lives there, she speaks fluent mandarin. you have the story. >> that's right. companies and investors around the world are watching closely for any clue whatsoever about what kind of strategies will come out of this third plant three stability is at stake if too much changes. as the most important thing to the communist party. for some ballistic a look at the key players the talks to chinese president. he as been traveling in southern china saying he is supportive of deepening refo

ben willis, let's get right to it. look at what happened with the iranian situation, and it's not exactly so ridfied at this point -- solidified at this point. it looks good, but this long-term peace certainly has been bullish for stocks. n the u.s. as far as the consumer and the holidays are concerned? in buy on the rumor, sell on the news, and the good outcome from the iranian situation for the american consumers, this is going to lower the cost of gasoline which'll allow more discretionary income for those holiday gifts. i don't know if it'll come in time, but as you mentioned earlier coming in, it's worth keeping an eye on theecrude numbers, and that took a hit overnight. did a little bit of a bounce off the lows but still under some pressure -- liz: let me bring al and harry in here because we do have a rbob gasoline coming down a few pennies. >> yes, i think we're going to have quite a bit of pressure on the energy markets for the next several weeks, and from there even greater pressure going into the next six mo

and ben willis is here on where we go. the average investor is feeling richer here, and dave in denveron

ben willis a lot coming up this week.er ipo, jobs number more earnings reports. >> the chinese, i think, is a very important story on what their third planetary -- iteration of how they want to direct their economic growth. it's hard to understand. may not be immediately discernible but the ecb is definitely the talk for traders today. >> you think they're going to cut rates on thursday? >> i don't know if they will but it's definitely have an effect on how markets are trading. currencies are moving the dollar versus the euro around. >> you like this market if the jobs number doesn't come in very strong, is that good for stocks? figuring that the fed's not -- >> the fed's not likely to taper. according to mr. bull ard on cnbc today, i'm cautious not putting money to work using options strategy to straddle to buy on the put or take some premium. >> very good. thank you, sir. that will do it for the first hour of the "closing bell." dow finishing near the highs of the session. gain of about 23 points. stay tuned for the sec

ben willis, i think we're becoming too bullish.re too many people convinced there's only one direction for this market to go. >> i agree but the problem is that's where money flows continue to come in from. you had guys on before i came on suggesting that everybody wants to call the market crash. i'm still looking for a correction. i think it is way overbought at this point. i'm not -- i'm not bearish at all. just for the health of the market, we need that to happen. but the flow of funds is unstoppable. >> i will say, it's not the kind of market yet where we're seeing 100-point gains. we just keep hitting singles every day. yesterday we were up a like amount here. we keep doing that to set new record highs here. it's not -- it's not an explosive rally to the upside. >> this is a bull we call tina. there is no alternative. but it just continues to move, temporary to what anybody else would like to see, the technical analysis, whoever is looking at it, professionals say we have to have one. it hasn't happened. if you try to step in

. >>> all right. 90 seconds left here with ben willis of albert freed. successful ipo. the day. up 73% at $45 after the ipo was priced at $26 last night. we were just talking how it's great to see human beings actually trading on the floor. >> it's amazing what can happen you let professionals do the job. we're glad to have twitter here. i think it will send a message if you want to do a successful ipo this is going to be the place to do it. >> meanwhile rest of the market is going south here. what's going on? down 147 points now. >> depending on what you trade, technicals broke down 1755 on the s&p. it broke that. now that's become resistance. also if you follow the astrological charts. this is a major day for that. all the stars literally lined up for this kind of correction. that's the only explanation away from the ecb having an impact on the currency markets. >> where they cut their rate from half a percent to a quarter of a we apercent. nasdaq getting clobbered. >> keep an eye on the russell 2,000. one of the leaders going up again, leader on the way down today. >

ben willis of albert freed, if you get a bad earnings report from an important company like cisco, ordinarilyd have an impact on the whole market. but it completely ignores that kind of a report today. >> well, looks like janet yellen is going to be taking the place of ben bernanke whenever she speaks, it'll move the market. interestingly enough, she made it very clear that the risk matrix that the fed looks at, they're not seeing any worrisome inflation or bubble effect in the equity markets. that was our stamp to go ahead. >> what would be the headwind that would stop this rally? what do you think? >> well, there's not much of a headwind in this market, oddly enough. the market is tired by a lot of technical indicators. we've lost some momentum as we go into these record highs. the money continues to seem to be rotating in traditionally some more -- higher beta issues. some of the material stocks and some of the purer industrial plays, which tells you they believe the economy is going to improve. particularly on a basic level. so the concern for professional traders is it just seems tired.

we had ben willis on earlier talking t.i.n.a. meanwhile, we're watching the stock market.ideas, how about a stock filler? dominic chu has some of the possible winners this holiday season. dom? >> kayla, let's stay in the black friday spirit of things, because, of course, it's a huge shopping holiday. let's look at some of the retail stocks that end up doing the best, and this time around, we're going to look at one part of the retailers specifically, and those are the jewellers, the ones tied to the jewelry business. now, the third-best performing stock among the big retail names that we talk about, over the past black -- three black fridays to the year end, so black friday to the end of the year, over the past three years. on average, blue nile is up almost 16.5% a year during that timeframe. not too shabby. number two, also on the jewelry side of things, zale, one of the biggest jewelry companies in america. that stock is up nearly 19% a year, in terms of the black friday to the year-end period for the last three years, on average. and number one is movado, up over 19% d

willie geist with roker and natalie morales. here in new york yesterday, what did it get to? 68 or somethinlike that? >> yeah it was fantastic. by this weekend we'll ben >> ginger. >> it is 's a ginger beard. just over thweekend it turned d. >> a like a ginger beer. >> oh, my dad has rehair and i have never gotten this far in the beard. i'm starting to see my dad's facial hair. >> do yolike it? >>robably in two weeks or whenevere have to shave these off i'm gointo be ready to accept it. maybe i won't shave it off. >> oh. >> i'm just throwing that out there. >> all right. #orange room, at thend of the two weeks, should willie shave the beard? >>es. >> we nt to check in in the end of the half hour. shouldillie geist shave hi beard. >> #orangeroom >> we' decide a week from friday on the last day of november. >> all right. cool. >> let's talk abt the explosive interview. the gift that keeps on giving. just when you ought it couldn't get better or worse it gets better and worse. >> we need an animation agn. this is the rob ford update of the day. during aity council meeting first yesterday things got physical. mayor ford knocked over the council memb. >> p