appreciate it. >>> dennis berman is still with us. >> guy adami as well. dennis, let me ask you about the dow denominator. >> it goes like to 15 decimal points. i don't know. >> it's a multiplier now. >> there is a lot to reflect on here. the latest decision was including apple in the dow, and the 30 blue chips a couple years ago. people will say, why does the dow -- why do we look at this? why does it tell us about the economy. the weird and spooky thing is, despite having 30 stocks and being 100 years old, it still manages to do a pretty good job. >> it does an okay job. depends on your orientation. if you believe the s&p is the standard for the broader market index, since 2008, 2009 it's been relatively close. if you zoom out further, the dow really starts to sort of lag in different ways compared to the s&p. but look, it's designed in a completely different way. it's designed in an anacro nisic way. goldman's share price is $237. that presumably should have nothing to do with the indicating the health of the market. but of course, the historical incide

. >> and look at a report stock market performance with bryon wien and michael regan and dennis berman. >> now they're expected to go up to 125 or 120 to 125 but there's been little earnings improvement over the last few years. under trump's program if he cuts taxes, dismantles regulation earnings can go to 130. the market can sell at 20 times that. that's 2600 on the s&p 500. that's a 10% move from here. >> and a preview of the 2017 best picture academy award nominees announced yesterday. >> it's conflict and compromise and very very excitable. >> i got two girlfriends. >> and today we remember mary tyler-moore who died at the age of 80. >> i have done television until carl reiner read with me that audition and he just heard something he wanted to hear. >> politics and washington, stock market in new york and best films in hollywood and remembering mairy tyler-moore when we continue. >> rose: funding for "charlie rose" has been provided by the following: >> and by bloomberg, a provider of multimedia news and information services worldwide. captioning sponsored by rose communications f

research, mark puris and dennis berman from the wall street journal. welcome one and all. mike.eresting. is this back to the future. is it 2015 all over again where it's a facebook market and that's the whole story? >> the last two days have been like that. you have the very large cap tech stocks holding up all the indexes. maybe in the reflective light if nothing else. below the surface the average stock was weak especially today. the nasdaq setting a record. more stocks down than up. the equal weighted index to the down side. it's less than half a percent or thereabouts. it shows you that the market is trying to work off i think some elevated investor sentiment coming into the year. people got too bullish expecting immediate gains. technically speaking a lot of stocks being over bought. i don't see it being much more sinister than that. you did see treasury yields down. we need treasury yields to be going up for stocks to get some confidence going up. >> certainly would help the financials. it's the yield curve. >> that's narrowed a little bit in the last couple of days. >> ri