david darst is joining us with more. nice to see you. >> thank you for joining us. we have seen a pow erful rally in stocks so far this year. nasdaq up, 13% or so. what do you think is behind it? would you buy in it to here? >> maria, the three res, resolve, resill jens and recovery. the resolve is the european banks. you have reported about the problems in greece, portugal. irelands bonds. this is amazing, in july they were yielding 15% and are below 7% now. they have taken the medicine. they have taken the medicine. italy's bonds have fallen. the operation called long-term refinancing operation, which is set off in december. they will do another at the end of the month, as you know, the 29th of the month. it is expected to be a trillion euros where they are basically providing funds to keep the banking system liquid. they are not lending to the each other. so hopefully they will use some money to buy bonds. that's the resolve. the resill jens is jobs and housing numbers. the new home sales coming out next week with. we'll see how they come out but housing starts,

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there's the issue, david darst discussed with bill and i. when all the rest of the indices up fractionally, this u your influence of oil on the stock market. >> clear and present danger. >> thank you, bob. we're going to get our business headlines here. this was the seventh straight day of gains for the price of oil, as it continued its biggest winning streak in two years. you can blame it on the escalating tensions with iran. the latest u.n. nuclear watchdog report shows a large expansion of uranium enrichment in that xun tri. as a result, brent north sea went to $123 a barrel this week, we've been trading a little higher than that in the after-hours session. elsewhere, interesting story. alaska's north slope may now contain more than half the shale gas than the highest estimate for the marcellus formation. the slope may hold as much as 80 trillion cubic feet of shale gas. they plan to start drilling off the north slope this year. and gold notched its first weekly rise in four weeks. and the expectations of further easing in china and near

let's bring in david as we look at some of the sectors that did well this week. technology is pinned at the top, mr. darst it the sector for all seasons here. >> bill, as you pointed out on the show that 20% of the s&p 500 market cap today is tech now. it's the leading sector of the ten sectors. also on your comment about oil a moment ago, the bitter cold weather in europe has been another factor driving up those oil prices. and driving up our gas prices over here at the pump. >> it snows in europe and we pay more at the gas pump here, how do you like that. >> we like qualcomm, we like apple, bisibms of the world. >> you have liked apple forever. as we know, i mean, everybody's been raising their price targets and now up to the $500 level. this is one of the only stocks trading higher today. now it's pulled back a little bit. what are you waiting for on ap pal? >> you'll have the smart tv. everybody expecting a smart tv. we think they'll go down to lower price points. they're going to sell at $300, $200 phone over in china. you've got one-sixth of their sales, bill, are in china, with only five stores. th