dr. j, was this suspect activity? >> unusual activity. dan nathan krilted this, as well. i'm not trying to glom onto your work, dan, but there was unusual activity here. average daily volume in november was 10,000 contracts on the put side. and there were several days where it traded 30,000, 40,000 contracts until november. the first day of december, it traded about 21,000 puts, double normal. so, the question is, was, number one, we have no idea if it's ackman or einhorn, who it was. could it be the hedge that was done with an over the counter trade? very likely. that's a good potential. and/or it could have been somebody just wanted to accumulate a lot of these opt n options. whatever the event was, and again, we won't know that, melissa. >> right. dan, what did you make of that? >> yeah, doc and i were just going over it. two days, unusual activity, november 29th and december 3rd. both instances, it looks like the options were sold. but stock, it traded against stock. large blocks of sto

. >> dr. j., what about you? >> fxi, judge. the reason, and i don't often go for the etfs as the way to play something like this, but given that it's china, i think the second largest customer of china, the u.s., avoiding the fiscal cliff, will be very good for them. you look at the build that it's had over the past three weeks, judge, it's up from roughly 35, pushing up towards 39 right now, that etf is, and i think if and when we do push this behind us, the fiscal cliff, that is, i think this one goes into the mid 40s. so i would buy fxi. >> let's debate these around the table a little bit. stephanie? i mean you're more positive i guess than negative on china. you like the fxi? >> we have been involved in it for awhile. we like a lot of the industrials. we like a lot of the mining stocks. >> have we talked about that one? >> maybe just a little bit. i do think you are definitely seeing some momentum pick up in china. and some of the nonbelievers are starting to become believers. and the data over the weekend was pretty compel

. >>> we call him dr. j. he's got a name. he made waves on the fast time money report because he's become an investor in nothing. >> for the first time in 31 years in the market i am completely out of everything. i see no reason to stick with this thing. no reason to get short either, but i think we've assured our self, judge, that we're going to get very small deals done and we virtually assured ourselves of getting our dent downgraded. >> matt is with virtual financial. anthony is with grg. do you agree with dr. j.? >> i would agree. we're starting to get sick and tired of what's going on down in washington. we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points

dr. jyou've been boieserous about this very issue. >> about the dividend side of it and i love that he has skin in the game, scott. i mean, all the ceos that actually do have skin in the game through being a shareholder like the rest of us, i salute him for making a prudent use of this capital. i think it's better than buying the shares back at this point because of this looming fiscal cliff and i think all these 103 companies that have done so are addressing exactly that fact, and i do hope that we can get our spending under control like he has in ethan allen. >> all right. good last word on that topic. up next, the case for a euro rally when we come back in about two minutes. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on

. >>> and dr. j'she center of the royal hoax break their silence. >>> and hoveling villagers -- and how villagers in india help rescue this massive elephant. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. get a droid incredible 4g lte by htc for $49.99. forest officials and villags worked together to rescue oe . >>> it is a happy ending for three elephants in india. they were trapped in a big mud pit here. the adult male had been there for three days before receiving medicine and vitamins. in another part of india, a female and a calf fell into an open well in the out skirts of the village. a mother struggled to to get them out of before an earth mover got them out. they weigh a lot. >> they do. it takes a lot of work and effort to rescue the elephants. >>> weather wise, you came back on a lovely day, didn't you. >> did you guys like yesterday. >> yesterday was go

. >> dr. j, for a long time, apple selling off because of tax selling. at this point, as we close the books on 2012 -- >> tax gain selling. >> exactly. can it be the fundamental story, finally catching up to apple? >> absolutely. and i think a lot of folks, you get that turnover because a lot of folks can get right back in, because, again, they don't have to worry about the work sale rule. they can get right back in. but nonetheless, it seems on every rally in the morning, melissa, it is hit by that tax gains selling that i'm talk about and perhaps those same folks are buying back into it in the afternoon, and then getting freaked out as the stock goes lower, into the end of the afternoon. so, whatever's going on in there, i like this story into 2013. i just don't like holding it now. i have no position in apple. >> josh brown, buyer or seller of apple? >> i'd be a buyer here. but i've been saying that since 560, 570. but i do think that the tax selling is having a huge impact on the stock. and i think the next earnings report, you probably would rather

. >> dr. j., what is your trade? >> i'm in for wells fargo and wells fargo for the high beta. these are the two names that warren buffett is in. it's been off to the races for the past month. pete cited numerous times the weekly options in bank of america. that has surged from 9 up to 11 now. percentagewise this is astronomical. this is both exposed to housing. we have the best numbers out of california in six years. i think that's going to continue into 2013 and that's why i would be long both of these names into that. >>> coming up on "halftime ", a rough 2012. we're heading to the big board to give you the play on that and from a laggard, this year's biggest leader. financial, should you buy into the big bank run. "the halftime report" is back after this. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a pat

. >>> dr. j, what do you do here? stock market moving based on amman jafers reporting. >> i believe you sell into the pop. >> weiss? >> i agree. if there is no deal, you sell it. >> thank you. have a great evening. "power lunch" picks up the ball right now. >> we do and 11 hours before the ball drops in times square. floor traders pouring on the confetti in the floor there. annual tradition at cme pch noon time on the corner of southwest jackson an south la salle. >>> we don't know what to say about this, still apparently, no deal with less than 11 hours to go. the music says it best perhaps. washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood

dr. j., it was your note this morning that shocked us. what are you doing in the market right now? >> well, for the first time in 31 years in the market, i am completely out of everything. closed the last of my a "gq" this morning, the double etf with short puts and long calls. had a nice pop today, got out of that. i see no reason to stick with this thing. no reason to get short either. on the short side, i think we could see 20-50 handles on the upside if they found a way to get around this. i think we assured ourselves we will get very small deals done and getting our debt downgraded february or march depending when we get to that debt ceiling increase. >> josh, what are you doing? >> we raised a little bit of cash. we're certainly nowhere near fully out of this market. we continue to think it will be a very similar year this year to last year. some of the risks are to the upside. i will give you a for instance. we get to january and dems come in with a proposal to cut taxes on people making below half a million dollars. everyone has to vote that through. that will be bullish fo

dr. j., who made the more compelling argument. >> well, okay, so i'm the guy that cuts the baby in half, then, judge, because i do think stephen's made good arguments but i've got to go with pete. there's no hard landing at all with china. >> shouldn't be recused from this? >> like pete says, this is going to be higher six months from this. >> let's take the fellow g gargantuga gargantuan brother out of it. pete is right. we understand the macro challenge is challenging. what did they do? on december 15 they repoliced jan fields with jeffrey stratton who for 40 years has been at mcdonald's, he's been the global guy. they brought him back home to address the issues in the u.s. management in mcdonald's gets it. >> let's talk about yahoo!. it's hitting its highest level in four years as investors seems to be buying what ceo melissa myer is selling. let's go to steve grasso. a remarkable run for the stock. i've asked the question on more than one occasion, whether it's style or substance that's

. >> dr. j. >> i'm going to be in nokia because the 48,000 options out in january 2014. >> all right. i'm melissa lee. thanks for watching. see you tomorrow. back here again at 5:00 for "options action" followed by "money in motion." "mad money" with jim cramer starts right now. >>> i'm jim cramer, and welcome to my world. you need to get in the game! going out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm just trying to help you make money. my job is not just to entertain, but to teach, to coach and demand tonight. call me at 1-800-743-cnbc. memo, memo to the president and congress -- ♪ you are now screwing up this fiscal cliff stuff royally with your hard line positions and your ridiculous protestations that you can't compromise. here's why. we are close, very close right now within ou

so, we ask you, dr. j, buyer or seller, and you're out? >> i'm out of everything. i am neither long nor short right here and the reason is because i think exactly what happened today, we could be sliding hard, mel, and then all of a sudden, a rumor can come out, we see a rally out of the s&p. we saw a 20-handle rally from the time more murph and i were on half time today. this is not something that's going to change, the way that i look at next year, which is that we have a lot of issues facing us right now. not the least of which is the debt ceiling just above us. we hit that monday, i think we might actually be there already but geithner says we get until monday until we have to at least talk about it more. that will get pushed off, mel, into february or march, before we actually get the downgrade, but there's a whole bunch of bad heading our way. we could avert it. we'll see whether or not congress has the guts to do something about it. >> no surprise, light volume during this holiday week. so, we are seeing a whippy market, perhaps whippier because people who m

dr. j, the forgotten man out in vegas. what do you got?

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j. street and dr hussein ibish senior fellow at the american task force on palestine a.t.f. feet and executive director of the hawse a law suit a foundation for arab american leadership thank you both for joining me thank you very much for announcing everything yeah oh yeah. ok first of all just in general the consequences of what happened at the u.n. yesterday let's just begin with that it. remains to be seen really there the fallout is not clear certainly album as in got a bump of popularity. among palestinians in the west bank and across the board all over the world and in the arab world how much that counters the bump in popularity that how mascot from the war that they fought with israel this illusory victory that they claimed in their missile exchange with the israelis. remains to be seen i think the biggest question has to do with what kind of retaliatory action does israel take and actually carry through with and what kind of effect does this have on palestinian relations with the west because before the can start dealing with israel again and in a constructive way t

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j. >> cenk: this is dr. strangelove territory. this is peter sellers pushing the button.this, and you destroy yourself. it's an insane negotiating ploy. it's hard to think that he could push that button. he used it last year and there was a consensus that politically that republicans lost face and lost public support and they were playing with fire. am i misreading this? >> no, because i think part of it, again, we're talking about the markets. it strikes fear in the markets. they say, president obama you better do something because the stock markets and the bond markets are reacting negatively to all these issues about the debt ceiling. but we saw what happened after august of 2011 we got downgraded. our debt was downgraded but the interest rates that we pay on our debt has fallen. the stock market has continued to rise. i think if we had that drama again, the treasury department has options. there is a constitutional option. no one believes that the u.s. government is going to default on its debt and stop paying interest on its bond. even if it did things are so bad thr

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knew back then that dr king the civil rights movement and the anti vietnam war movement around the right side of history and our government headed up by paranoids like richard nixon and j. edgar hoover were on the wrong side of history but these lessons have not been learned and so here we are again today at another inflection point american history and again our f.b.i. and government by labeling occupy a threat have staked out a position on the wrong side of history which makes the work that we organized people have left to do so much more difficult we're not just up against corporate america we're up against the corporatocracy to. now for more on the f.b.i. surveillance of the occupy movement jason leopold joins me from our l.a. studio is the lead investigative reporter at truthout dot org jason welcome back to the show great to be here thank you for having me on so you've been covering this story pretty extensively you actually filed for the request yourself with this latest batch of documents what's the most striking revelation that you can do and i just want to point out that the partnership partnership for civil justice is not the only entity that that fall the f

j jill dougherty. >> reporter: just a minute ago, wolf, here it is, it's coming from secretary clinton's doctors. there are actually two of them. drardik and dr. gigi al bayumi. it's pretty technical. it says in the course of a routine follow-up mri on sunday the scan revealed that a right -- revealed that a right transverse sinus venus thrombosis had formed. a clot in the brain situated in the space between the brain and the skull behind the right ear. it did not result in a stroke or neurological damage. to help dissolve this clot, her medical team began treating the secretary with blood thinners. she will be released once the medication dose has been established. in all other aspects of her recovery, the secretary is making excellent progress and we are confident that she will make a full recovery. she is in good spirits, engaging with her doctors, her family and her staff. so this is the update from secretary clinton's doctors. giving us information about that question, which really has been hanging out there all day, unanswered. exactly where was that blood clot. speculation had been it might be in her leg where she had a pro