liz: the start banking analysts story, the dick bove -- dick bove sweepstakes coming to an end.'s the bank analyst going? charlie gasparino has a latest? charlie: he is all but signed at referee capital markets. offices in new york city and long island, another big firm, a small shop. he hasn't signed yet to but has given the verbal sort of wink and nod or whatever you want to call it that he is going to go there. we reported earlier he was at sears, negotiations with cancer. dick bove telling the fox business network he is not going to cantor. in won't save where he is going but we have it firsthand places he is likely to end up, in all likelihood will be announced on tuesday, referee securities. why is he going there? i don't know much about it but i do know two rock they'll -- i said it right, two rock dale executives after rock they'll blow up, he is leaving because the firm blew up, the $1 billion apple tree that was apparently some sort of faulty trade, there are two analysts, fear of the senior people went to -- why do we care about this story? this is a tough day to reco

only dick bove.hought, you know, this guy crowley runs it -- liz: smart people there as well. >> he had that one guy that traded apple. [laughter] liz: jerome -- [inaudible] made that evil back room trade. >> remember when you had the london whale over at jp -- liz: all it takes is one guy. >> but, remember, those big firms, they can survive that. it was him and a bunch of them. liz: well, they had some superiors. >> all involved. but when you've got a small firm, i'm just happy to report that rock dale's more than dick bove. liz: i'm sure crowley would appreciate that. does he have a first name? >> dan crowley. liz: good luck, dan. [laughter] alistair crowley. do you know who that is? liz: i know who alistair cooke is. >> no, the famous satanist. liz: that i didn't know. >> you have red hair, you should know about satan. liz: yes, we're the devil. thanks, charlie. what exactly is technical rally? we've got a really supersmart chart watcher who's going to explain to you in plain, simple english when

dick bove. >>> sometimes more is actually less. somebody here says the recent wave of homeowners looking to trade up may be setting the stage for another financial meltdown. we've got a discussion on that coming next. >>> and later, will millionaires really tighten their wall lets due to higher income tax rate? the impact of taxing the rich coming up. stay with us. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> welcome back. n

dick bove was a good source.arly on the bear stearns hedge fund imploded first, that touched off everything because when they imploded we have values with mortgage-backed securities. at least that is what some of the analysts thought. dick bove was one of the few people who called it. that isn't it two different things here? the balance sheet is not affected. said no, you're wrong. bear stearns is holding this. he was very early on that i have to give him kudos for that. five offers, he has to make a decision coming down the next day, in days. he is friends with him. there is some loyalty. melissa: it shows how exemplary it is. >> he is a brand. melissa: he has a big book coming out. >> he is a brand. in tough times you want a brand. you go with the brand. melissa: charlie gasparino, thank you so much, good stuff. lori: and now "gangnam style." alan simpson briiging fiscal cliff talks to a whole new level. neil cavuto is up next with his trademark move. you know how painful heartburn can be. for fast, long lastin

. >>> then after the bell, dick bove is working on where he sees the banks going next year. us. le announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> time for the big reveal. it was bank of america that was the dow industrial's worst performing name in 2011. down better than 60% last year. but now it's leading up more than 95%. >> the dogs of the dow strikes again. it worked out once again. let's see how the rest of the financial sector is doing as we head towards the end of the year. >> big bark from that dog of the dow. financials are the best sector performing. outperforming the overall market with near 25% gain compared to the overall s&p which is up 13% year to dat

i saw dick bove on our network earlier today, bullish on banks. banks up 28% year to date.hat's a positive la leading indicator. i'm not looking for gangbusters economy. i'm a little bit optimistic about the stock market continuing. i'll give you the last five seconds. >> they've calmed the stressors in the system. it's good for stocks. but that's not getting better growth has not materialized. >> that's it for this evening's show. we will be back tomorrow evening with some more controversial issues. i don't know, folks. we're going to get through this. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull. with investment information, ri