cashen in crashing the party right now. >> hello everybody. i'm eric boling. wayne rogers, jonathan and tracy all joining us this week. welcome everybody. don't crack the bubbly yet. it's three years since president obama signed owe bbama care. boy, is it starting to get messy. that's not republicans declaring it messy. that's one of the architects of the law saying it. watch. >> i think we know it's going to be messy. there's going to be things that come up that are unanticipated. >> he's right. we bought this cake the woman there said you know what, obama care, that's why my hours got cut. i guess we can expect more of that. >> you are going to see a lot more of that. this is one example of the direct impact this is having on small businesses and real americans. we had the legislation, people are trying to read it, get through it. now you see the regulations piling up and the practical day-to-day impact. coming out right now in the form of a woman trying to make a cake and run a living and a business for herself. >> wayne, there are a lot of

ty, before i turn it over to you, a very big happy birthday to our old friend, art cashen. it is his birthday today. i gave him a hug for you. >> he is a natural treasure down there on the floor of the new york stock exchange. i speak for all of our viewers when i wish art a happy birthday and many happy returns. that does it for this edition of today's "power lunch." >> have a great afternoon. "street signs" begins right now. >> and welcome to "street signs," everybody. i'm mandy. >> melting up and every other obstacle that could be thrown at them. >>> holler for a dollar. payroll good tomorrow, go long for the dollar. payroll bad tomorrow, still go low the dollar? >>> alcohol, drugs, video games, but addicted to nutella? now that's an addiction i can get into. >>> meantime, good things do come in small packages. a fresh all-time high today. and up nearly 10% so far this year, and u.s. dollar index is at a six-month high. let's get straight down to the floor on the floor of the new york stock exchange. bob, markets rallying. stocks rallying and dollar rallying as well. >>

. >> first off, i want to wish art cashen a happy birthday. he celebrated earlier this week. we are lucky it have you with us, art. we haven't seen -- we have seen some declines in government pay rolls and we will see more. and as that moves in from spring and summer, i wonder if that is dead weight -- >> tyler, i want to come in and put a tag on your question. which kind of goes to art. which is, can the market distinguish between minus 20k or 3 30k on government. will it still feel good on the economy, that you say is really coming. >> what do you think, art? >> i think it will have difficulty doing that. because we capitalists like to think that the private sector and jobs are highly pro productiv productive. but right now, in a rather fragile economy, a job is a job. and one or two less paychecks or 20,000 less paychecks, can be a problem. look at how much time we spent talking about the reinstitution of the payroll tax and what it would feel and that's a relatively small number. but it hurts a lot of people. >> these numbers will make people feel better. what the newspap

plus, we have art cashen of ubs. >> and we're playing -- we're playing groundhog day.word i'm trying to get. a senior moment. we did this yesterday. >> she still didn't get her irish coffee. >> i didn't. i owe him one at this point. >> are we going to do it today? >> i don't think so. i think the trepidation about 6:00 a.m. tomorrow, in nicosia, when the cyprus banks open. and i am told that the markets will lean a little bit to the sell side. that's two head winds we're going to face. but you have a smart fella here. >> well, you know, you have been very bullish, steve, so what makes you change your mind? maybe cyprus is part of that, certainly, but what has you cautious? >> two halves of the occasion. it's cyprus and we were starting to see some headlines about some concerns in italy and spain on the smaller banks. the larger banks will be backed by the government, there's no problem. i think you see a lot of headlines of potential bank issues, bank runs. the other half of the occasion is first quarter earnings. three weeks, first quarter earnings are coming out. and

cashen just came by. was a rumor going around that maybe the imf would step in on cyprus with a bailout plan of their own, but that's been discounted all of a sudden. >> a lot of speculation about that. >> that's just speculation. but that's what was making the rounds and pushing the market higher all of a sudden there. steven, if the economy is going to continue to improve and all the metrics seem to point in that direction, things are getting better, why wouldn't the fed pull back, at least some of the liquidity they've been putting in this market, as bob mcteer suggests? >> the reality is the economy is growing, we all know that. but look back at some of the data. you average the january and february data, you discover that they are lower than the first quarter average was for all the monthly economic statistics. and i think that's important. in the fourth quarter of the year, the economy barely grew, and now we've got an economy that's probably going to be a little bit of a snackback. but the underlyi

. >> and we're going to talk to dan mcmahon from raymond james and art cashen, ubs services.just had is, do you book some profits right now, with the market hovering at these all-time highs, but the s&p still unable to push through that high. what do you think? >> not necessarily. we're advising clients to, you know, buy on the dips, basically. >> we haven't had much of a dip, though, that's the problem. >> any dip is muted, because there's a lot of cash on the sidelines, and we're of the mind that we are involved in what is now becoming a secular bull market. >> arthur, the market -- you know the thing about this market? today notwithstanding, we just keep hitting singles, every day. we don't have big, big moves. and i think that's why a lot of people aren't paying attention, don't you? >> it's frustrating. everybody wants to buy in the dip. and no longer do we say the dip of april, may, now. it's more like the dip of 1:30 in the afternoon, 2:15. >> exactly. >> because everybody's waiting to jump in. and i am rooting for sue that they make a new high and she gets her irish c