jack ablin is the chief investment officer for bmo private bank. the jobs numbers came out friday - well below what a lot of smart people were expecting and i can'tbelieve it was all because of the weather. >>it's funny. it's tough to blame the weather. it's like blaming your dog for your homework. i will say this time around speaking from the epicenter of the polar vortexit is cold! and it means we run around when we can but when we're home, we stay home. personally with my family we have canceled dinner plans with peoplewe haven't gone out. >>so businesses are canceling projects? they're not hiring on? >>even bmo was closed for a day. at the height of the cold we had a number of branches close. so i certainly think it has impacted the service side of the jobs picture. but is it the entire excuse for everything? no. i think there are some disappointments. >>where do you stand on the year ahead? >>i'm still optimistic. although, keep in mind that when we started the year, the s&p was somewhat overvalued relative to fundamentals. and i was hopeful t

these two stocks are names we hold in the bmo fund and they are good, solid performers. in this market you really want companies that can deliver. where you're not really sensitized to something as sensitive as you can be in the social media world. david: sandy, these stocks that you recommended, really reflect the economy in general. and the question when you look at a 7% drop in the stock market, well, it is 6% today because of the gain, you really have to ask yourself whether this is, as you put it, a turning point or a tantrum going on in the market right now, correct? >> well i think that's right. there is more evidence that it's a tantrum than a turning point @f the we talked about that at the on set of the show. basically theeevidence is accumulating the consumer is still solid. corporate performance is still solid. the fed still sees economy as solid. i think we see things that are end about. certainly emerging markets are bending. i don't think they're breaking. so from our perspective as investor you really want to look for companies that deliver the goods. tha

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bmo capital markets analyst derek johnson is one of them. winter weather is great for snowmobile makers since more people use them and that drives sales. production levels are fixed so they can't just go out and make tons more snowmobiles but it does lead to full price sales without a whole lot of discounting and if dealer inventories get cleared out, johnson believes they will order a lot more for next season. he says the winter weather is a benefit for big companies like arctic cat, but that the upside is capped at least to a certain degree but certainly watch those stocks. back to you. >> we will. thank you very much. >>> we are also watching shares of weight watchers because it started last night, the selloff. they are getting slammed. they are down 26%, losing a quarter of their value today. why, you ask? josh lipton is looking at one red-hot area of tech that interestingly enough is having a major impact on that stock. josh? >> reporter: yeah, sue, it's wearables. why attend a weight loss meeting if you can download a free app or get a

let's welcome back brian balsky the chief investment strategy with bmo market strategies.g out to me. why are investors seemingly dismissing softer economic reports? i get the water, but also steep losses overnight from china and also some concerns about corporate earnings. >> well, we just returned from a week in asia, kayla, and the u.s. strength in terms of its stability fundamentals compared to the rest of the world remains a pretty attractive asset to investors outside the u.s. frank li, you know, we believe that many of our institutional investors around the world were very surprised on the january pullback and we do think people in general from a longer-term point of view, 6 to 12 months, 12 to 18 months in terms of time frame, are becoming increasingly comfortable with the notion that equities are the preferred asset class and we are once again becoming comfortable with this quote-unquote buy the dip mentality. so, we're still we think enthralled in a longer-term 15 to 20-year equity bull market. we do think 2014 could bring a little bit more volatility than many i

let's bring in some analysis, brian bellstein is chief investment strategist with bmo capital markets joins us from pnc. is this the bottom of the selloff? >> good morning, simon. we're probably close. i think we can find our way to the 200-day moving average here 1707 so we probably have the potential for a couple more percent but we're certainly in range here where we're starting to see the bottom. >> brian, do you agree? >> yeah. i mean, again, calling bottoms is very difficult. i think a bit of a fool's dame on a near-term basis, but, yeah, we've had a successive -- excessive amount of selling especially into the weekend and on monday and typically and historically when you see those types of moves it usually for trends to a bottom. so, i would say yes. especially if you're looking at the rest of the year, i think this is an excellent time to be looking at stocks. >> yeah. matt malley, brian, put a note out last night when he drew our attention to the leverage in the market being at all-time highs and with the level of liquidity diminishing if you get that unwinding typically you

this is according to a new survey by the bmo harris bank and includes things like medical care and collegeportant to save for their kids' needs, only 21% have actually started doing it. >>> and the new york diamond cutter apparently bit more than he could chew. a rare pink star diamond is headed back to the sotheby's auction house after the buyer defaulted. acquired the rare 60-carat gem for a world record price more than $83 million back in november. well, sotheby's says it's currently in discussions with the buyer while considering other options. >>> and still ahead this morning, how to avoid germs and beat the buzz. plus, move over cinderella, belle and jasmine, the push for a plus-sized princess coming up after your local news and weather. ♪ oh, there's an energy crisis happening alright. a human one. and it's time to fight it. quaker's good energy is just what you want. it's how we help keep go-getters like you... going... and getting. one bite at a time. try new chewy sweet & salty. a crave-able combo you gotta eat to believe. quaker up. in this season's most important fashion trend,

a bmo harris bank survey found parents with young children spend an average of $795 a month per child. 57% of people who expect to have children in the next five years think saving for child-related costs is important, but only 21% of those future parents have started to do it. >>> i mean, you have to budget for, say, college tuition. you have a college savings for your kids. then that -- forget groceries and your day-to-day budget. >> one you get a teenager, a boy -- your food bill. yeah. you just wait. >> and the insurance if he starts to drive. >>> 5:11 is the time. as we take a live look over the nation's capital, 19 chilly degrees outside our studios. and really the cold is the weather story today. >> storm team 4 meteorologist tom kierein here now with weather & traffic on the 1s at 5:11. tom? >> with children, you also have to budget to replace lost mittens. you will need your mittens this morning, your warmest winter coat. there's the view of washington this morning. furnaces working hard to keep us warm. we're just in the teens and single digits. we'll still be in the teens b