the s&p 500 hitting 2800 a shade below that for now art cashen is here at post nine, ubs director joiningu on on the fourth. i was looking back to see what your comments were as we crossed 25 k back then you said new money for a new year it's got to get placed and puts us in reasonably good stride anything changed >> not much. pretty much the same story encouraged by the deregulatory backdrop you're hearing a lot of people talking about the benefits of the tax reform plan, what it's going to mean to earnings, better earnings. therefore, decent pes. so they're moving along. we've backed off 26,000 here on a slight geopolitical chill. there were rumors out that turkey was massing troops along the boarder wirder with syria a would that lead us better safe than sorry we still have half the gains in. >> all right i was going to say the dollar kind of on a continued decline seems like operating in the background, you know, it's part of the whole story i wonder how you think it filters in is it just, you know, kind of a represention of t representation that we have a lot of liquidity are they be

. >> thank you see you in minutes, top of the hour put the cashen animation up for a minute correctingd 700 million to sell concern with 20 billion to sell because of the pension rebalancing this month long story short, it's not the fear that had been in the market definitely want to get that corrected. >> we do, but this is what happens when bill is gone. you blamed me essentially. >> no, you were not given the responsibility i was. i was. >> blamed it on me >> oh. >> anyway, moving on coming back with the closing countdown. >> hear from qualcomm, paypal, and ebay earnings. those results as soon as they are out. keep it here, you're watching cnbc, first in business worldwide. nobody's putting their money into equities. they're not investing in commodities or fixed income. what people are really putting their money into is what they hope to get out of life. but helping them get there requires a real refusal to settle for average. because when you approach investing with a tireless desire to beat the status quo, something wonderful can happen. those people might just get what they wante