of david darst's b bks, those are e ailable on amazon. i use those to learn a great deal and he taught me a lot at goldman sachs and then moved on, but david darst's books are very good. >>> up next, @dr. hoy 480 tweets, do you ever sleep or did one of your biotechs provide you with clones to assist? winky face. winknkface presuming means like an emoji thing. no, i don't sleep. now we've answered that question. >>> now, btw which i think stance for by the way, i am now following your know what you own model or kwyo. clean my portfolio this week. yolo, yolo, you only live once so i totally agree with you. >>> he wants me to know i'm in the market because of you. sir, just give all the haters is big booyah. keep teaching us what they want to grow. jim. okay. i love the haters. i wouldn't be doing this if it weren't for them. i would have gotten out years ago. i am a spiteful driven guy to the haters and everyone in my personal life knows that. so, haters, you'u' why i'm in this game. congratulations. and stick with cramer. hey buddy, let's

joining us is our friend independent investment consultant david darst. lots of volatility this week and of course we know how important next week is. what are you expect to go happen here? >> with the fed, bill, sara, we've talked for weeks and weeks about the six signals that would signal an impending bear market and they are is the fed tightening, they are beginning to tighten a little bit, having started in october of last year, 2014, with the ending of quantitative easing. so this would be phase two. secondly, is a recession looming? people are worried about a recession looming. you have had most of the vibrance in the economy has been in housing and in cars which have been financed the cars with long-term loans, eight years to buy a car now on the loans. number three is are the credit spreads widening and that's really all day today carl icahn, j & j, all the different junk bonds. okay. number four, is investor euphoria present. no. as a matter of fact -- >> right now -- >> the internet media companies, you know, those advertising companies. >> righ

with oliver for shay and david darst. oliver, you caught our attention, we've been focusing on the down year apple has had. you like apple, though? >> yeah, i like apple, i think it's a well-run company. it's a story between a trade and investment. if you are an investor and looking at the long-term it's the undervalued company with a tremendous amount of cash, they've got great r and d and product development. i know there have been analysts on the program here at cnbc throughout the day, they're talking about some of the things that are coming out in 2016 so it could be a big year. this is the first down year for apple since 2008. as an investor you have to be pleased if you own the stock. >> you have several themes, if you could narrow it down to the top three that you think will be most important for the markets and global economy this year. >> china is right at the top of the list. corporate profits would be number two. in three weeks we will get the first -- the first outlook for the fourth quarter. we want to see t

joining us with david darst.orst two-day period since august. >> i would say to you both and to our listeners that the world is swimming in oil. the world is swimming in cash. the world is swimming in monetary stimulus, still. what it lacks is business confidence. "night of the iguana," there's a famous poem at the end, "not only in this golden tree but in the frightened heart of me." >> did richard burton say that or i haveava gardner? >> tennessee williams wrote it. i find oil being low like this being incredibly stimulative. we lack that spark. it can come. we have the uncertainty of an election year. we have 39% bears now. the long term average is 30%. there's an amount of bearishness building up. you'll have backing and filling until this abundance of nothing is filled with something called confidence. >> there are a lot of companies in texas and oklahoma who don't feel stimulated by the price of oil. >> that's true. that having been said, your previous guest, who is an epic guest to have on, howard marks, t

all is well with the world this christmas eve because david darst joins us here.erry christmas. >> merry christmas. >> you bring six cs with you to think about for 2016. we only have so much time though. >> china, crude oil, corporate profits, commodities, credit. look at these six cs. i think china is going to be one of the big stories of the coming here. they have basically announced they delinked from the dollar. when the dollar was rising, china went up. they are connecting a basket of several currencies. it has not been disclosed yet. i think china's weakness, it will be above seven in my humble opinion by year end next year. you are going to see them depreciate their currency. they also are running a 4% deficit, which is the largest in 15 years, to try to stimulate the economy. you have seen -- >> isn't that pretty inflationary? >> well, they are spending it on -- a lot on military. i hope that that's not too inflationary. they need inflation, as you know. producer prices year over year are down 5.9%. they dropped for 45 months in a row. china is a big defla

suddenly becoming david darst with a new idea. >> happy new year. >> happy new year. >> bob pisani and remember coming back with the closing countdown, your favorite segment. >> it is. after the bell the catalyst that could boost biotechs in the new year. don't miss meg tirrell's special report. you're watching consumer first in business worldwide. they wor. sup jj? working hard? working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade. you got this. >>> all right. about three and a half minutes left in the trading session, pretty good rally although on light volume bob pisani is going to be mentioning here. let's show you how we're doing so far today. the rally for the dow just started in the morning and just continued to build into the afternoo