adam: ben willis are, thank you very much. lori: he knows about derivatives that's useful, great.cars filled with cash and some steal trucks filled with $120,000 worth of chocolate. a truck driver called 911 after his truck filled with hershey's was stolen and told the operator his truck was quote, hooked to a trailer fully loaded with chocolate. when the 911 driver seemed confused the driver, somebody with a sweet tooth, trying not to laugh. maybe that is what the thieves were going for? if you live in the florida area and see a the logo and thousands of dollars of chocolate inside, remind the driver, chocolate could should stay cool. adam: that could be nasty in florida with the heat. have to clean that up. >>> google glass but without the dorky look. they are creating their own smart glass that is allow users to keep their frames. lori: we'll speak with the company's founder, paul traverse on his high resolution competition that may put google glass to shame. ♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly und

first to ben willis at the new york stock exchange. i always hate to bring in this

first to ben willis at the new york stock exchange. i always hate to bring in this up, we have got, ben, the dow's up 25% for the year. it makes sense to be concerned about a little bit of a pullback in 2014. you worried? >> cheryl, i'm glad you brought back -- brought up a pullback because, quite frankly, i've been looking for one for go, three months -- two, three months. we had a great run on the dow and the s&p, up over 25%, and virtually no corrections. the best correction we had in the s&p was about a 4.5% correction a few months ago. a real correction's about 10%. i can tell you right now most of the indicators we look at are not telling us we're looking at a correction anytime soon in january, but we're seeing heavy call buying activity and the vixx in the february and march call she questions which tells us professional traders are looking for something to happen in this market later on in the first quarter of the year, if you will. the money flows will drive this market higher in january and then look for that correction somew

ben willis joins me here. so, sema s mmpseema set it up f. it's been a rough week. >> it's been a great year and the fact of the matter is while every professional investor you talk to or professional trader down here looking for that correction we just can't seem to get it. the fact of the matter is the money has gone to the sideline. we've seen record outflow from the bond funds but also the equity funds. that left us at a standstill and no motivation for the correction we're looking for. hopefully it happens. it's not a bad thing. i'm a bull. >> i know you are. longer term bull. absolutely. short term for the health of the market you need that pull back. the best case scenario the bulls taking a rest right now because there's nothing else going on. >> how much also is that the market is on hold. it could be as simple as that, right? >> it is. i think that's it. the fed's forward guidance turned into muck. they missed an opportunity. even if it was only a couple billion they should have done something because they led the market and left us

we were talking with ben willis and jordan, and the stock doesn't want to quit right now.hose of our generation, we know nothing about it. >> sure. and a lot of us have stepped away and didn't get involved because of the quote/unquote mystery. the valuations are so hard to get a hold of, where stocks like that, like twitter, when it first came out, there was a lot of good valuation in the market, so opportunity for money might have gone other places other than twitter, especially for the older generations. >> yeah, just a different -- we're not old. >> yeah, okay, go with that. [ laughter ] >> the economic data out today, pretty good. there are those who feel the durable goods number, the big move, was a pull forward because of tax credit of. but the new home numbers are good as well. the economy is chugging along. >> yes. there are some positive signs in the economy and there's positive headwind or tailwinds with us. consumer balance sheet is much better than it has been, spending going into 2014 for the first time in four years may not be a drag. housing looks like it's

been and where we're heading into the new year with rob stein from astro investment management, ben willisere at the big board and bob pisani and rick santelli in chicago. rob, an incredible year. give us your assessment of what 2013 means for 2014. >> sure. 2013 was a year where the economy trubed along, did a little better. but the big story i think was the risk premiums changed. we went from uncertainty to visible risk. that's what propelled the markets. the economy did better, but did it do 30% better? unlikely. it was the change in risk premiums. in 2014 i don't think you'll se premiums change. we had a head wind. government and government spending which i think probably made a 2% head wind in gdp and that's not going to be here in 2014 to the same degree so it's possible that we can offset some of the big movements that we've had in the equity markets with equity premiums with stronger economic growth in 2014. i don't think you'll see anything like we saw in 2013. probably more volatility, less returns. >> at the same time, ben, if you look back to 1995 when we had a similarly strong

a couple things to think about retaining to home builders, talking with ben willis about it, now begins the hope for e as people start to buy home builders going into the spring holiday, spring shopping season for home builders. the other thing they will contend with our higher mortgage rates. connell: we will be back in a few minutes and an interesting story, we talk about online shopping all the time but looking to bring in new younger buyers, the german automaker daimler is testing online sales of its mercedes-benz luxury cars, online tests taking place in germany expecting to expand to daimler's biggest market, this one. the united states. mercedes-benz offers four reconfigured models. it has gone on line. dagen: mercedes will ever take bmw as leader in luxury-car sales for the first time in three years. a real war in incentives between those two. if you are in the market now is the time to do it. connell: would you buy one on line? dagen: if something is screwed up you got to see it in person but he used to be commonplace for people to order cars from the manufacturer. you never wa

ben willis is up next at the floor of the new york stock exchange. what do you make of it so far?s been market of stocks rather than the stock market. a little bit of a deigned to the upside move early putting pressure on the future is coming in and even toll brothers. the housing sector has been a very strong sector leading the market, i know you heard from nicole petallides and the expectations people buying those in anticipation of a great spring season. came off with their management. that seems to be what the market is doing, leveling off going into the end of the year. connell: backed in a call at the of the hour. volunteer firefighters taking a hit. taking a hit from obamacare. threatening the existence of firehouses. liz macdonald will come in to give us a report on it in just a moment. and then you have some winners on the nasdaq as we focus on the market and others. we will be right back on "markets now." every day we're working to be an even better company - and to keep our commitments. and we've made big commitment to america. bp supports nearly 250,000 jobs here. thro

i was talking to ben willis.ll be interesting if we have less volume on tuesday, one of the lowest volume trading days which was half a day. that is how low volume is. look at tesla shares in january. this stock was about $33. take a look at it now. 156 and change, up more than 3% today. up more than 20% this month. when ford and toyota for instance are down in the month of december, it's a winner up 360% this year. adam: lauren simonetti, my brother would say you're right, tesla is a winner. he has got one. he loves it. >> cool car. cheryl: people love those cars. adam: they do love the cars, they're gung-ho about them those that have them. thank you, lauren. cheryl: so should investors keep on riding this rally or is it maybe time to start pulling back evaluate what you want to do for 2014? mark luschini, chief investment strategist at january any montgomery scott. i do want to ask you, mark, today here we go again. we'll close another session, another record close for the dow, another record close for the s&p.

joining us right now nicholas and in ben willis. what's going on? >> not a lot going on.ell by the volume. >> you can still make money whether the volume is up or down. >> absolutely. without a doubt. especially if you're in these stocks, much exxon trading up ibm. and the volume is not there but interesting trade so if you're in the twitter or t stocks tesla, twitter you have some volume to trade with. if not it's more difficult. vix index was interesting. >> earlier this year nick we were talking about a rotation in the market. the possibility that as they sold bonds they would buy stocks. right? and yields were going up. and now they are going up. the ten year -- i don't know if it actually hit 3% today. did it? okay. the dow is up 124 points. is that what's happening right now? >> if it is it's just starting to happen. while we've seen a great rotation it's out of commodities. and out of munis and into equities in the mutual fund space. it will have to come from fixed income. >> do you think that's appropriate? as yields rise in the bond market would you see that as a

twitter, after huge run-up over the last month, first big decline we've seen down 13%, ben willis atout this all week and now you're getting this lower. >> seller's instinct is to trade that way. whether twitter or any stock in the universe. i mean, you go to ackman on herbalive on trades like that so you have to have a lot of money if you have that conviction. it paid off today if you made a sell yesterday. >> we lost the momentum in the overall market. is it a function of this is the friday between the holidays or is something else going on? >> santa claus is taking a breather. it's a great move for a month, let alone a week's time. good time for a well deserved rest. looking for a correction. we might only get a sideways move and that's not bad. >> i was just going to ask you what you think will happen next week. full trading days monday and tuesday before the end of the year. >> you'll probably see window dressing before the end of the year, up or down on stocks. basically -- hopefully holding the line until the new money you get, new 401(k) money money that couldn't go into thes

nothing stopped ben affleck from getting a nice paycheck for "armageddon" who starred bruce willis who is not a democrat. i am fairly certain he is a republican. put your money where your mouth is. if that's how you feel, then don't work with republicans. don't take large paychecks working with them. >> that's an interesting point. i am glad i stuck around to listen to it. >> too bad america didn't. >>> a teacher at a private christian school in cinncinati, they have them there. >> resigned after nude photos of her surfaced on the internet. i like how things surface now on the internet. her breasts look like black boxes. the teacher whose name was not released was on leave after the school received tips about the explicitpics. they were posted on a revenge porn site where users can up load naked photos of exes without their consent. you were a lawyer turned comedian which is a brilliant career move. i bet your wife is thrilled about that. i will turn down this yearly paycheck of six figures so i can hang out at a dirty bar and hit on waitresses. can the mom sue the school? >> how bad o

willis report." had a great night and we will see you back here tomorrow ♪ ♪ lou: government reserve chairman ben bernankeouncing tapering of the fiscal program will finally begin next month. and wall street celebrating the news with an almost 300-point rally on the dow jones industrial. ben bernanke is a popular fellow tonight. i am lou dobbs. ♪ ♪ ♪ lou: good evening, everyone. ben bernanke announcing that they will reduce the bond program by $10 million in january. while saying that the paper will continue further measured steps at future meetings if the economy stays on course. and here is the outgoing fed chairman explaining why the decision was made to begin reining in what has been an explosive expansion of the fed's balance sheet and the greatest capital injection into our financial system in history. >> policy actions today reflect the assessment that the economy is continuing to make progress. and that it also has farther to travel before conditions can be judged as normal. notably, despite headwinds, the economy has been expanding at a moderate pace and we expect that growth will pick up somewha

willis report." had a great night and we will see you back here tomorrow ♪ ♪ lou: government reserve chairman ben bernankee fiscal program will finally begin next month. and wall street celebrating the news with an almost 300-point rally on the dow jones industrial. ben bernanke is a popular fellow tonight. i am lou dobbs. ♪ ♪ ♪ lou: good evening, everyone. ben bernanke announcing that they will reduce the bond program by $10 million in january. while saying that the paper will continue further measured steps at future meetgs

ben tracy looks at how they can stop the movies from moving. >> reporter: james cameron says he'll spend $412 million making his next three avatar films. >> it's quite a thrill to be official i willy new zealand. >> reporter: it's a boon to new zealand and another blow to los angeles. it's a place where they make their decisions but not their movies. tom is the former president. he says he feels like peter finch in "network." >> most of the movie industry television industry should be pointed to los angeles, not louisiana. we're like rocky, we're getting beat up in the early rounds and we can't stop it unless we do something. >> in 1997 there were more than 447 production days. in 2013 that dropped. almost every blockbuster movie this year was filmed outside of california. tv shows from "homeland" to "american horror story" are based in north carolina and new orleans. so l.a.'s new mayor eric garcetti is focused on keeping hollywood in hollywood. the entertainment industry generated over 500,000 jobs. >> how do you fix this problem? >> tax policies and jewish guilt. it's like we're laying down. light detroit said go ahead carren companies. don't let that happen. l.a. can't let tha