chris gersch of altimus capital joins us for a peek at the market this morning. what a reaction to the jobs report on friday. what is the market telling us? > >what a reaction is right. the market is telling us that if you're a seller please stay out of the market. we open up way higher on friday and we continue to stay higher. we have fantastic consumer confidence numbers that come out that continue to get higher. we had yields coming down on the 10 and 30 year causing a lot of money to flow into the equities. despite low volume i believe that we almost were able to erase the entire loss. 4 session losses on the s &p futures prior to close so i think it did just settle underneath but right now coming in monday if you are a seller i would wait to see how the open is. i would expect it to once again go higher. > >as you mentioned, volume was about half the norm. is that because people are concerned about taperiing coming because of the jobs report? > >i think that the tapering and improvement in jobs that is going to come. besides yellen being dovish i believe tha

trader chris gersch of altimus capitol says he'll be picking up hilton stock for his kids' personal portfolio... and adds that today's ipo should "not" be compared to other highly- anticipated ipos that fell flat.. namely-- facebook. "a name such as hilton is so revered, there will always be demand." parent company blackstone group took the hotel chain private in 2008. though it's returning to public trading today under the ticker symbol "hlt" on the new york stock exchange... blackstone will retain about 76 percent of the company. chad mollman of morningstar offers this warning to every day investors... "we think the stock is overvalued at 20%. this would have to pull back to $10 a share." josef schuster also recommends investors hold off. his company tracks ipo performance through its ipox 100 index... and says ipo average is up around 41 percent year to date. "i think hilton will really have the best upside in two or three years. i don't think it will have an immediate upside." he blames the "number" of shares blackstone is offering... which is 117 million... double the original amount acc

go back to the cme chris gersch, will you see profit-taking on monday or full team ahead?t-taking here in the last 15 minutes. we actually see an up tick of about half-point on the close. and, as it is settling up right now i think that no one really will hit the bid. so to answer your question, monday, there is more buyers than sellers i think in the market right now for remaining of the year. story of sellers will come next year when we have volume kick into the market. david: monday, dow 17,000. that is my prediction. 1,000 points in a day. they are buying into the weekend. that is good news for the market. thank you, chris. liz: good news came to the u.s. economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for com