joining us, david darst, j.j. burns from j.j. burns and company. what's going on with this rally? >> this is the what's not to like market. >> they love the jobs report. >> china doing better, pmi, european central bank -- >> cutting rates. >> the jobs number came in nicely. upward revision bill by 60,000 jobs. >> august and september, sflit. >> what you really need to see is the consumer to kick in. that's been the laggard. with the jobbing doing better -- now, you had the consumer confidence fall off a cliff from 80 down to 71 on the conference board number this past week. this is the what's not to like market. we've said enjoy, it but it's a little too quiet. anybody with parents, it's like kids playing upstairs where there's no sound. >> what about that, because the truth is, as-s we went into the fourth quarter weaker than we thought. we had the government shutdown. we know retail has been under pressure. do you believe this, that you want to put money to work here? do you actually think we are

david darst of morgan stanley wealth management. >> hi, david, my dear friend. >> you're more weepier is. >> your fans, she's more beautiful in person, you've asked me this question, than on television. >> so are you, by the way. >> she's is wonderful to her staff. she follows john wesley's rule, you want to basically do all the good you can in all the ways you can, in all the means you can, in all the places can you, to all the people can for efrl as long as you can. that's you, maria. >> thank you so much. i'm coming back, you know. i'm not going to far. i'll be back soon. >> do you like the market here? >> we like the market here. >> open -- >> we're ten points away from nasdaq 10,000. >> we've been saying all year, it wants to lift, it wants to move higher. that's a great sendoff to maria. but with god. the market is in a go with god mode right now. >> melt-up into year end? >> basically looks that way. >> even if interest rates continue higher, long yields continue to inch higher and the stock market is still going up? >> it's up 100 base points it's at 275 right now. the fed sai

joining us to talk more about it is david darst from morgan stanley woelt management. see you. would you put your money to work in this market right now? >> gingerly. you want to be selective. the market run up is 25%. banks are up 35%. transportation up 32%. small cap up 32%. japanese market up 40%. last week we added 2% to europe. 3% to u.s. large cap growth stocks. and 1% more to japan, maria. so, we would be very judicious, cautious, in adding here and selective, yes. >> david, i'm being half facetious about this question, but is there a reason to analyze this market beyond thinking about fed policy? i mean, once you know that the fed is not likely to taper any time soon, is there anything else that matters when it comes to buying this stock market? >> bill, i think the consumer is really the key here. next week, as you know, we get on wednesday the retail sales numbers. they're supposed to be down 0.1%. they've had a very hard time since july. up 0.6%. august, up 0.4%. septemb >> but cisco was horrible, down tremendously one day this week and the rest of the marke

. >> thank you very much my friend, david darst. the dow up 54 record high. the nasdaq -- s&p above 1800 for the first time and nasdaq ten points from 10,000. the last time the second hour of the "closing bell" with maria bartiromo. have a good weekend. >> there is no stopping this rally! the dow and the s&p 500 closing at all-time highs once again. hi, everybody, it's 4:00 on wall street. do you know where your money is? welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange on a record-setting friday. take a look at the numbers. dow jones industrial finishing with a gain of 5 3 points and all-time high market down 16,063 and change on the dow. the nasdaq up 22 points. s&p 500 also at an all-time high. finishing above 1800 at 1804. never seen that at the close. standard & poor's at 1804 tonight. it was another record-setting week for the dow and the s&p 500. with the s&p finishing above 1800, first time ever. dominic chu recapping all the action and the highlights. also highlighting a few red flags investors need