bryan kehly, bk, you got pretty good isms here.ou got pretty good purchasing managers in england, in germany, in india, in china. it looks like the global economy is okay. so i ask you first. are we on the verge of a real stock market melt-up? >> absolutely. >> whoa. >> you're absolutely right. i think people have said economies around the world are too weak. they've been too worried about europe. i include myself in that category. but absolutely. and most importantly, last week ben bernanke told you if you hold cash, you will lose 2% this year due to inflation. so you don't want to hold cash. you want to be in stocks. you want to be in commodities. you want to be in anything that is a hard asset, anything but cash. >> wow. okay. so tom lee, let me go to you. greece is going to get fixed on top of all this good economic data. the ecbs, they'll put more tranches of emergency loans if we need it. and even here at home in the junk bond market, the spread between treasuries and junk is they're rogue. this looks like a very bullish scen

bryan kehly, bk, i love these pending home sales number. think the whole housing sector has bottomed and is slowly improving. i like the fact that loews home improvement stock went up today. i like a lot of facts. you tell me. you tell me. we're going to melt up some more after this consolidation. >> the facts are excellent, particularly the housing. that has been the one thing that has held this economy back. if you can get at least a stabilization in housing and maybe even we get some kind of uptick in housing, that is fantastic. look at what the banks did today. all the major banks did very well. look at sherwin williams, shw. that had a stellar day. that is all telling me that this is a real rally. the economy is better than i thought it was even three or four months ago. and if you can get any type of economic improvement, the bank stocks are really going to fly here. >> michael farr, i want to go to you on this. the european central bank is going to announce another big emergency loan liquidity injection, what, wednesday or thursday o