that's the gasoline etf. >> next we go to ibm. people are really talking about -- do you realize today ibm was at all-time highs almost hit $200 a share. and as people on stocktwits likes to say, it was sort of like -- [ overlapping speakers ] >> it saw its shadow. and you talked about etfs yesterday and talked about good performing. look at ibm versus morgan stanley technology fund. the green is the mtk. ibm just really knocking it out of the park. it will be interesting to see what people do with the mtk when they see how much it's been lagging if they want to play that etf, which i don't want to go there. and, finally, today a lot of people talking about crm salesforce.com reports after the close. i think what you want to watch here is you want to watch the margins because they've been getting some big orders at the end of the quarter. but as mark from bernstein's been pointing out he knows those have been done at big discounts. >> i would imagine look at the asp, average selling price, see if that's coming down. >> you might s

today we got to thinking about etfs.e to do the work that normally goes into buying an individual name, right? but that thinking may hurt your overall returns big-time. here are five-year returns on some of the most popular etfs. the ishares, oil equipment and services index, up over five years. the pharma index up about 42%. these are five-year returns. the transport index is actually down 1% over five years. so 29%, 42%, not bad. but when we take a closer look at what is inside these baskets, the best performer in each of these etfs, blows away the names. look at the oil etf. fmc technologies is up 203% in five years. allergan, up 55%. still, outperformance nonetheless. the transports, which are down 1% over five years, if you bought unp, union pacific instead of the etf, 115% versus 1%. the point is this, while etfs may be easier to invest in, and yeah, safer, because maybe they go out of business, whatever it is, you can also leave a lot of money on the table. let us bring in mike, manager of the wasatch long/short f

not all etfs are created equal. of the all request week here on "mad money," images for a cause tweeted, wondering why i embraced the gld, the gold etf and not any other etfs, it's a great question. i think that most of the exchange traded funds are doing a disservice to those that buy them. they are often grouped together to play the hottest trend or are offsetting day trading, but the gld is not one of those etfs, they are not risk on and risk off, it tracks the price of gold. what makes the gld better than the metal? buying gold is not easy, you have to store it usually in a depository bank, and it costs you money. take it home and try to hide it somewhere. of course, you can buy coins and i like those as an asset class, but the markup on coins above the raw price of gold, outrageous, and you have to hide them. you can buy the gold miners but the gold miners are having a great difficulty capitalizing on the 11-year rise in gold, because the expense of mining has become tough and the easy finds have been had. and

we actually just finished a survey of all the major etf families that offer dividend-oriented etfs and asked that question. thankfully, year-to-date, the money flows that they're seeing at the dividend-paying etfs are coming in fresh money. they're not coming in swaps from bond funds but really critical point it's not the same thing. >> one of the things i note when i look at these etfs and i try to look at them, i was concerned even months and months ago that some of the dividend etfs were trading at five-year highs. you know, so i kept thinking to myself what is the risk if everything doesn't go quite right. >> yeah. you've got it right. the first, there's two sectors that are not really exposed in dividend-oriented portfolios of any kind, mutual funds or etfs. when it's technology, tech stocks don't pay high dividends and the other is financial services sector, banking in particular. those are the two better performing sectors year-to-date. you're going to get less exposure to those areas that are doing particularly well in 2012. so there's a chance of tracking error versus what you

there's an etf out there that tracks social media stocks.nd since the facebook ipo news on friday, socl, is up over 7%. joining us now is ceo of global x funds. the man behind the social media etf. it's great to have you on the show. i guess you're pretty pleased about this facebook news, but also very much expected as well. >> we certainly expected it. it's great news that it's confirmed it's coming to market. when you have a fund invest in the social media companies in the world, you want the company that has the most number of users to be included in the fund. >> what do you think it will do for your etf? >> well, it's already clearly created a pop in the valuation of social media companies. the companies up a little bit since the news was announced. what's doing is a couple things putting into focus. valuations of multiples of those companies and bringing attention -- >> when i look at the makeup of your etf, i see green. which is sort of a platform building company from japan. you see chinese companies. how does a facebook ipo benefit t

they are often the hottest trend or are offsetting day trading, but the gld is not one of those etfs,y are not risk on and risk off, it's the price of gold. what makes the gld better than the metal, buying gold is not easy, you have to store it sh l usually in a bank, and it costs you money. take it home and try to hide it. of course, you can buy coins and i like it as an asset class, but the markup on coins above the high cost of gold, outrageous and you have to hide them. you can buy the gold minors but the gold miners are having a trouble capitalizing to 11-year rise, because the expense of mining has become tough and the easy finds have been had. >>> and then there's the beautiful gld, this thing acts just like gold, goes up and down, and close to a proxy as you can find. and you can follow my action orders. why does the trust own the iau and not the gld, the trust has restrictions on what it can and can't trade if it's mentioned on "mad money," and i mentioned the gld so often, that way if i want to buy or sell it, i'm not frozen by the show. why don't i like the effs because i'm

the etf is significantly underperformed.tually get your hands on oil futures? >> you can't take physical delivery if you're trading on the mercantile exchange. that's something where the local traders, physical brokers, they actually execute that. i think it's a little more unique. everybody talks about buying etfs, maybe buying the exxons of the world. if the crude prices are to move higher, and we think they will significantly move higher -- >> how much higher? >> i think $125 in wti. we can challenge the $150 level we saw in 2008. >> even with demand construction going on at these levels already? >> there's no supply to come into counterpoint with that. we'll have president obama now, no energy policy still on the table, mind you. let's talk about algae, and pond scum to -- it's something that is an intriguing idea. i am quite interested in it, but it's at least a decade away. es exxon is actually involved in the algae research. let's look at alternative energy. there is no clear substitute for crude oil in this country.

the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> welcome back to "squawk on the street." a lot of the moves predicated on what isn't happening with regard to greece very much make sense, but if you take it back a week, maybe not as much. you know, if you look at right now where the euro currency is trading, the big break makes sense, but it's still up on the week. look at port gee ten-year yield. it's not only down on the day. it's still down on the week. if you look at the u.s. ten-year, of course it's down on the day, but it's actually up a bit on yield on the week. the bund overseas, down on the week, what does all this mean in english? it means the market is triple to grapple with something, because it never will know the answer, but today look for an extra helping of volatility. i think a bunch of that will emanate from the equity side. treasuries will pay attention. it's about the settlement of all that supply, and a botload of court st. back to you melissa le

the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> photoed earlier that wti crude has topped $100 again. it's basically sitting at 100. brent crude, nat gas is also -- that plays into our next discussion. our gex has history making big-time plays. he created petro hawk for $620 million, sold it last year for $12 billion. floyd wilson is currently chairman and ceo of halcon resources. he joins us to talk about the next big play. welcome to "fast money halftime report." >> thanks for having me. halcon is your new company. is the m.o. going to be the same as it has been in the past with petro hawk? >> of course, in a broad sense, yes. in a specific sense, a bit different. some of these great companies in the u.s. created this, know, decline in natural gas prices by creating the new supplies, so halcon will be structured to taking advantage of liquid -- >> this is more of a liquid place than some of your past ventures? >> yes, very much so. >> let me get your outlook, if

the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. until the end of the quarter to think about your money... ♪ that right now, you want to know where you are, and where you'd like to be. we know you'd like to see the same information your advisor does so you can get a deeper understanding of what's going on with your portfolio. we know all this because we asked you, and what we heard helped us create pnc wealth insight, a smarter way to work with your pnc advisor, so you can make better decisions and live achievement. >>> gold and silver and platinum rallying on bernanke's comments that he sees improvement on the economy, but copper and crude are seeing a pull back. it's not as though the fed chairman said anything new. >> no, not necessarily. but i think when you do look at what's going on with silver, yesterday we had an immense amount of activity coming in to the slv yesterday. as a matter of fact, well over 100,000 contracts trading on a majority. mostly buying a litt

the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. until the end of the quarter to think about your money... ♪ that right now, you want to know where you are, and where you'd like to be. we know you'd like to see the same information your advisor does so you can get a deeper understanding of what's going on with your portfolio. we know all this because we asked you, and what we heard helped us create pnc wealth insight, a smarter way to work with your pnc advisor, so you can make better decisions and live achievement. >>> i'm john harwood in washington. you can see this live picture of president obama speaking at the white house, he's outlining what the white house calls an accommodation with objections by catholic organizations, among others, to an administration rule connected with health care reform that would require religiously connected charities to provide contraceptive coverage to their employees. the white house is not backing down on the idea that those employee

look at this cleaned up version of the daily chart so we can focus on the tlt etf. real warning signs are in the rsi and the forced index in the bottom. the price action of the bonds has not been pretty either. we see here, look at this, the tlt has a ceiling of 118 and all above where the tlt went out at 127. that is resistance and it makes it tough for them to move they have to crash through barrier after barrier, at the same time, there are fewer and fewer levels of support underneath the tlt, and they are spread much further apart, so if it drops through one, it's a long way to go before the next support level breaks in. where the tlt is right now is the last floor. if it drops beneath that level, the floor is not until 112 and then another one at 108, collins would short the tlt, forget another close at 116, because people follow the charts i'm telling you will see a water fall, a land slide if it takes the fall. this one has to do with volume. these bars on the left side of the chart, they measure how many volume there has been in the given price range. you se

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that happen happens if you have a position on, we need to hedge our positions whether you use uso or etfr whatever, guys are interested in settling the market. overall, it's up and running now, it should not have been that big of a deal and it was handled well. >> oil is up $2 right now, we are above $100 a barrel at the end of a session that was a little unusual for a trading day. >> heaven forbid that human beings have to do trading when computers can't. >> we begin our market segment with a reminder that the dow has never traded at or above the 15,000 level, the closing peak was back in 2007, when it settled at 14,154. the science proefr jury roomy seei -- jermey seeing feels it could be over 15,000 next year. >> sit possible to be over 15 k? we have our guests here. welcome gentlemen. >> thank you. >> dow 15,000? anyone? >> a good chance. historically averages gain about 7% a year. it's within the possibilities. the market you belieusually giv average. >> there's so much money on the sidelines and that is the money that will come back in and push us to dow 15,000 and the financials a

the etf market tracker is one more innovative reason serious investors are choosing fidelity.et 200 free trades today and explore your next investing idea. and then treats day after day... well that's like checking on your burgers after they're burnt! [ male announcer ] treat your frequent heartburn by blocking the acid with prilosec otc. and don't get heartburn in the first place! [ male announcer ] one pill a day. 24 hours. zero heartburn. mysterious and frightening outbreak going on in a small town in western new york state. several girls from the same high school hask have tics and switches similar to tourette's syndrome. amy row robach first reported this story last month. when she returned this week, she found whatever it is, it may be spreading. >> reporter: high school students sarah and katie first started experiencing severe tics last fall. since then, more than a dozen young girls at leroy high school in upstate new york had been sick with the very same problems. >> i was always so active and everybody was always happy to be around me, but i don't feel like myself.

quick question about the vix and the etfs. of people have said they're not as connected as they used to be. is it better to be in? >> vtx is what tracks a rolling future in the vix. i think the important thing for people to recognize when they look at the vix, the number that we commonly quote is actually not a tradeable instrument itself. and the options you trade is on vix futures. for most people, those nuances make it challenging. the best thing for people to do frankly is to trade on effs they think mirror their portfolios. i think that's the most direct way to purchase insurance or hedge your portfolio rather than trying to fool around too much with the insurance premium that is reflected in the vix itself. just know it's a barometer of sentiment. >> let's move on here and talk lin-sanity. it is taking over new york as the knicks continue their winning streak to 6-0. jeremy lin merchandise is flying off the shelves. let's go to richard modell for what they're doing to keep up with that demand. >> this is amazing. i have

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the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> it is time for today's street talk. dow theorists do listen up because as the dow industrials march toward 13,000, which is just a stone's throw away, other transports sending up a warning signal. we'll talk about that in a moment. in the meantime, a dosage dilemma. one of the many recalls plague johnson & johnson over the last year. recalling half a million bottles of infant tylenol. and call it the italian job. italian and swiss authorities seizing fake u.s. treasury bonds with a face value of $6 trillion. not billion, not million, guys, $6 trillion. apparently eight arrests have been made after the alleged criminal charger tried to use the bogus bonds in emerging markets. how about that? incredible. >> let's not forget your buddy from miami vice was caught once at the border of switzerland with $6 billion. >> my buddy's settling. >> let's talk about the serious johnson & johnson story. i know you brought it up. it'

the housing index, this is your major etf you can buy. that's been moving down for several days now. january, existing home sales numbers, good. but not as good as some people anticipated. toll had a 19% increase in orders. that's good. but still not as good -- remember, these stocks have gone through the roof in the last six months. some are up 50% or more. now the air is starting to come out of them. as a lot of people are realizing, we're going to have a decent spring home buying season, but it's not going to be 25%, 30%, 35% above the orders we saw last year. >> little margin for error after the big run-ups. thanks so much, bob. great to have you back. >> welcome back. >> let's look at some of the other movers and shakers today. brian shactman is back at the mothership. >> let's start off with the heat map. there's a fair amount of positive energy on the top, 2-1 negative. caterpillar is the strongest performer all day. i want to focus at the bottom here. that's walmart. down another 2.25%. take a look at a one-week chart since earnin

i'm more inclined towards an etf discipline partially because the people managing the etfs are more feetnd there and have more local knowledge about what's going on. so that manages the risk, but also you can homogenize because you have multiple holdings. and several of those are hao which is the guggenheim china small cap up 23% year-to-date. definitely a high-flier. gxe and fxi which is actually the most liquid of those three. fxi has a concentration in telecom, energy, importantly agriculture and insurance. so not all energy, but a really nice stratified approach to investing in china. you say should we sell everything and jump in? no, absolutely not. this is a play that really speaks to volatility, risk management. that's why you want to go in with a homogenized discipline like etfs. and there are others. >> what was the second one? you mentioned the hoa. what's the ticker on the second one again? >> gxc. >> and what's the risk on these, if china does slowdown, whether a hard or soft landing, do you see sort of negative repercussions throughout asia? >> there's no question that any s

the etf market tracker is one more innovative reason serious investors are choosing fidelity.et 200 free trades today and explore your next investing idea. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. so i used my citi thank you card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? we talked about getting a diamond. but with all the thank you points i've been earning... ♪ ...i flew us to the rock i really had in mind. ♪ [ male announcer ] the citi thank you card. earn points you can use for travel on any airline, with no blackout dates. >>> welcome back to the "fast money halftime report." app apple, pete? >> i know apple is hitting new 52-week highs. if you look at the weekliages they're coming from the 460s

not etf or s&p 500, stocks. union pacific is now in striking distance of the 52 week high.ith norfolk southern has rallied 15% and more than six points off the tie. they have the same 16% long-term growth rate, which means on a peg ratio, norfolk southern is cheaper, we could stop there and say buy norfolk southern. so do we go with the leader or lagger? as is often the case, it's best to pay a bit higher for the best of breed. by union pacific over norfolk southerning here is the reasons, first and foremost the rails began a repricing for new contracts seek he will starting -- cycle starting in 2003. we are now in the late innings of the story. it not quite over and union pacific has the most up side from repricing going forward, that's the key metric going forward. to understand what is happening here, we need to go to the way back machine when the railroads were federal regulated and the government decided how much they could charge for shipping. there were deregulated but did not change their pricing market. it caused rates to fall through 2003 from 1980. now the rates

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the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> we are just the beginning of trans formation of people's lives. >> executive chairman and co-founder of linkedin. yesterday we had whitney tillson talking about he's short on linkedin. he went through his favorite long positions. there was an incorrect graphic up yesterday in one of his top holdings is howard hughes. ticker there is hhc. want to correct that. let's get back to linkedin. a game changer overvalued. do you have a comment here? whitney is shorting linkedin, when pressed will say it's sort of the best of that class, facebook not included. yet the valuation is out of whack. >> clearly, whitney is hedging his reed positions. i may be the other way. i think netflix is going lower. there's been short covering. as the junk rises higher in a trending market that is going up. i still think their model is flawed. linkedin i think is overvalued. for me, i've got to wait for those stocks to break. >> i think that's

are you doing it through etfs or specific companies? >> i think the direct exposure is really the best pure play. there is a premium to a lot of the stocks. in many cases it gives you more defensive sector exposure like consumer staples. given the etf exposure or direct access and valuations where the markets are, especially in asia and some of the bigger markets seems tob the right play. >> ben, how do you want to allocate money looking at the u.s. versus emerging markets, versus africa, i'm hearing a lot about europe, tell me about that. >> we're overweight u.s. large cap. we think the economy should benefit them. we like emerging markets. we're overweight there. the only thing about emerging markets we're concerned about is regional allocations. we would rather see emerging asia and latin america. we're underweight central and eastern europe, because they're suffering from the same kind of bank issues that western europe. >> how do you tap into it? >> we do it through individual companies, managers that make those decisions as far as

the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> welcome back to the nasdaq market. stocks were on fire, but weak pricing and the prices are surging on the pull back in supplies. the rails and the transport and the coals. it is embarrassing for the rails. everybody is betting on this. there is an awful lot of money and the stock prices and asking prices. you want to buy hard assets. this is akin to shut ins in the oil and gas area. that's what happened here and that's why they took off. >> the crude oil spread and is widening once again. they are down. >> we have a dichotomy going on between the european, crude, and u.s. crude. we have a larger supply than we had in years. we confirmed this and the iea did that two weeks ago. it was confirmed by the domestic council and we have an enormous oversupply. on the other side in super, we have a threat that needs to be taken more seriously from the uraniums than closing the streets of hormuz to cutoff the greeks, italians

especially in the index etfs. as far as single stock vols are concerned, still cheap. >> i'm a big believer. the market doesn't give you this much opportunity to buy the lows and sell the highs. with that in mind, my sense is there's a good chance you make one of these blowoff tops. i would wait a day or so for this level to be cemented in stone, let's say. there's a good chance given the price action and the fact the market refuses to hold the lower levels that we're going to push towards the may 2008 highs. again, i don't think -- i think if we made a high i don't think we'd be hanging around. which they're probably getting taken out back. >> the glass half full. thought would be sitting at these highs. today we didn't even crack a billion shares on the nyse which is light volume. >> right. but these stocks have been cheap for the last three years. you're not catching the big gust upwards in stocks. one thing people need to consider is if you look at earnings, only 44% of the companies this quarter have outperfo

and i'm loving every minute of it. [ rodger riney ] at scottrade, we give you commission-free etfs, no-feeand more. come see why more investors are saying... i'm with scottrade. history shows as january goes for stocks, here goes the year. emac, what is sfax? >> it is a federated strastedgic value . half of the return since the 40s comes from dividend stocks. i like this one. expensive in the front end. but even on the back. >> you can invest $50,000 and it cost you five and half. i like

plus, scan any stock or etf against time-tested indicators with built-in chart pattern recognition.go beyond gut and get to the data. now i can see if a stock might go where i think it will go. customized charts. intuitive control. get started with streetsmart edge and get it all for the schwab price of $8.95 per trade. call 1-888-800-8026. open an account and trade up to 6 months commission-free. talk to chuck and get started with streetsmart edge today. >>> european finance ministers are holding a conference call tomorrow to discuss the situation. the greek government needs to come up with additional cuts in order to get the next bailout package. where do we go from here? we bring in professor john taylor. he's a former under secretary of international affairs and author of "first principles." john, it's a pleasure to speak with you. >> good to be here. thank you. >> what are you anticipating in terms of what happens tomorrow? >> i think they're looking for some insurance from the politicians in greece that they're going to adhere by some of these commitments after the election. o

nothing to do with invest bug high frequency trading which they will outlaw and solution and dicing of etfst is an aggressive comment, not done in fundamentals? >> well, basically it's -- when they eliminated the uptick rule, gave rise to a lot of these games being played which i personally think and i admit to not being an expert, not productive for the capitalistic system, scaring the individual out of the market, don't understand the volatility, as a result, they step to the sidelines, they should reinstitute the uptick rule, bring more sanity to the market, more orderly fashion. >> will they, though? is the s.e.c. listening? >> i think the first time, mary shapiro said something last week, looking at it, disturbed by the effects of high-frequency trading. as i understand it, if they dealt with the uptick rule that would do a severe blow to high frequency trading. i rather go that direction than putting a tax on trading. >> do you think that that is why we are seeing volume as low as it is, liquidity has been impacted, all because of -- >> it is a factor, but, look, there's -- memories a

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corporate bonds as well offer attractive etfs.es some opportunities as well in real estate investment trusts. dave ravelly is with me. also joining us is brian edmonds, head of interest rates at cantor fitzgerald. good to have you on the program. thank you so much for joining us. >> thanks, maria. >> brian, let me kick this off with you. do we believe rates stay the way they are until the end of 2014, so what is the attraction to put my money in such low bearing bonds? >> i think part of the strategy from the fed was to try to force people into more risk oriented assets. by locking in short-term interest rates at a very low rate, until 2014, it has pushed investors into other asset classes. you get very, very small interest rate return in the treasury market right now. even in for the longer maturi maturiti maturities. >> dave, how do i make money in fixed income now, given the level of rates? >> you can go through a lot of companies, corporate bonds offerings. if you're not too -- if you don't have a good background with corporat

they talked about how the 50 most active etfs sank.ut tom lee with the jp morgan data in terms of active managers outperforming the benchmarks basically in every asset class for the first time in three years. we talked about what was happening with this relative performance. the fact that etf volume is sinking is quite interesting. it's what you may call a confirming detail in terms of the fact that stock picking at least for the last five weeks has really added a lot of value. i think back to those on the air with us, whether it be marvin schwartz, lee cooperman, bob olstein. very interesting. because when you think back to 1998/'99, why do i bring up that period, carl? indexing. everybody was indexing. when it ended and you had a huge boom in terms of stock picking the tech bubble, it was very ugly for those who did not move into active management. whether that's going to happen again, obviously a great question. a confirming detail today, etf volume down, stock picking is back. >> i like that. and hey, after the volume we got on fri

the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> welcome back to "squawk on the street." and debate whether you really can put out a greece fire with liquidity. the markets definitely have an opinion here. look at intraday ten-year, we traded up to 2.05 or 2.06. it takes you back on a comp to this year, january, but the long end of the market, look at this intraday at 30. they got up close to 3.19. and if you open up the chart, that's the highest yield since about october 28. so we will continue to monitor all the issues of greece, the lower collateral that's going to be accepted by the ecb, and the notion that more q/e is going to be in the uk. all of these are going to affect the market today, but many thought they'd affect it larger. >>> tweet question for today. with the house taking up the stock act today, that'll presumably shed more light on how the house members trade stocks. which inside the beltwayer you'd want to manage your money. talk to us, cnbc squawk

the etf market tracker is one more innovative reason serious investors are choosing fidelity.e trades today and explore your next investing idea. ♪ oh! [ baby crying ] ♪ what started as a whisper ♪ every day, millions of people choose to do the right thing. ♪ slowly turned to a scream ♪ there's an insurance company that does that, too. liberty mutual insurance. responsibility. what's your policy? ♪ amen, omen >>> remember last week we told you about the mcing in that's looks like george washington? good news it is back on the auction block. ebay pulled it because it would not allow expired food to be sold. making an exception because the proceeds from the sale would go to a charity. a nebraska woman has held onto the mcnugget for three years. three years? surprise it had has kept so well. >> how do we even know that it's expired? truly? >> three years, i think it's expired. how do you know? >> anyway, the dow still above 13,000, folks. leading the dow, the financials, jpmorgan leading the charge there, as well as american express and bank of america. micron is the biggest move

i think this is a similar argument that when you look at what's going on with some of these etfs, yesthere's optimism because the best trades are always trying to pick the bottom of the something that's had an extreme move. but i think that our guests and diana nailed it. the issue is all these foreclosures, all these empty houses, all these people that can't sell their houses and they're not going to be better off because we're changing the culture of our society into not building a big house but living in an apartment or renting. it's a good thing we're building anything. we're putting people to work. but there's still the looming issue and it's not being curved by interest rates because as i said three years ago you could make them negative, you really aren't creating the solution. the solution would be to let the price go down 30% for the housing market and let the chips fall where they may. maybe some of these young people down here that can't afford it at $130,000 can afford it at $100,000. >> there's a risk, lindsey, i was on smart money.com last night or this morning, i can't

the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] now there's a mileage card that offers special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? ♪ [ male announcer ] the new united mileageplus explorer card. get it and you're in. >>> welcome back to the "fast money" halftime report. nat gas rising nearly 5% today. who's behind that move? and what's the trade here? let's make a pit stop. dan dicker president at merck block and a cnbc contributor. >> hi, scottie. >> good to have you on the show. is this purely a technical move as i've heard some people say today? >> it seems to be. we've done a couple of crossovers of moving averages, and since chesape

there's the etf for that. brian, it's been moving down for several days. >> was the case yesterday too. breaking news right now, $35 billion in five-year notes up for auction. rick santelli tracking the action at the cme. rick, obviously there's been a lot of demand for treasuries in general, but how -- >> you know, there's not a lot of difference between the auctions this week and many of the auctions we've had prior to some of the issues in europe. looking forward to next week's ltro. as he pointed out $35 billion, these were five-years. the ultimate yield at the auction .90. 90 basis points. 2.89 is the bid-to-cover. exactly smack on the 10-auction average. 44% is the 10-auction average for indirects a smidge under 42. this one 12.9. it's a redo of yesterday. a b plus auction and tomorrow we look towards $29 billion 7-year notes. back to you. >> rick, thank you very much. a do-over auction today. switch on the "power lunch" power surge. we hone in first on housing. existing home sales surge and the nation's

the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> welcome back. let's hit today's buzz kill. disapointing results knocking shares of amazon down more than 9% today. amazon expects tough revenue growth in the first quarter, too. the company did exceed margin and eps expectations, though. the next guest is cutting his price target on the stock but maintains his outperform rating. joining us is jason helfstein. >> i think management tried to explain what they thought were one-time factors that hurt the quarter. namely, the thailand flooding hurting the electronic supply chain. no new videogame console lunch this year. no new program launches last year they launched moms and students. you do have the negative mix on third-party sales. that's more of a longer term factor. the question is, when you look at all those things, how many of that is one time in nature. you have to remember, this is a company who typically does the relative worst in the fourth quarter and does mu

the etf market tracker is one more innovative reason serious investors are choosing fidelity. investing idea. but we couldn't simply repeat history. we had to create it. introducing the 2013 lexus gs, with leading-edge safety technology, like available blind spot monitor... [ tires screech ] ...night view... and heads-up display. [ engine revving ] the all-new 2013 lexus gs. there's no going back. >>> the dow is up, and the nasdaq is up by almost four points. worth noting as well that the haven't ix has eased off its highs of the day. take a look at the turnaround in crude oil we have seen, wti specifically as brent has hit a six-month high. up by 1.8%. so a true turnaround. this dollar is seeing some weakness. >>> glaxosmithkline returns to profits as reporting a loss earlier. still the drub mash reported -- revenue was down 3%. andrew, a pleasure to have you. >> thank you very much. >> as we move into 2012, we expect our underlying growth to translate into reporting growth. all that combined with the pipeline is what's giving us confidence for the future. >> how many drugs a

in december 2009, dea meets with etf and gives info on fast and furious targets, info that could wellave ended the operation. on january 6th, 2010, fast and furious becomes, in fact, a joint exercise. on march 15th of 2010, the first federal wiretaps are issued in this case. december 15th of 2010 -- december 15th of 2010, brian terry is murdered with weapons found at the scene that came from fast and furious. on january 27th, senator grassley first asked department of justice about fast and furious and within days we are given a false statement of facts denying that guns were ever allowed to walk. within days of that, we began to know that fast and furious was going to be difficult. that was more or less groundhog day a year ago. today is groundhog day again. this committee has lost its patience to wait longer. we will not wait until the next groundhog day to get answers for the american people and brian terry and others. on march 3rd, 2011, john dotson goes public. agent dotson is here today. he, too, deserves to have this nightmare of uncertainty, of having a temporary assignment, n

plus, scan any stock or etf against time-tested indicators with built-in chart pattern recognition. you've gotta go beyond gut and get to the data. now i can see if a stock might go where i think it will go. customized charts. intuitive control. get started with streetsmart edge and get it all for the schwab price of $8.95 per trade. call 1-888-800-8026. open an account and trade up to 6 months commission-free. talk to chuck and get started with streetsmart edge today. >>> welcome back to "squawk." scott williams joins us from the weather channel. scott? >> good morning. of course, yeah, we continue to run about 10 to 15 degrees above average across parts of the northeast and new england and today another mild day with sun and clouds. new york city upper 40s to near 50 degrees. we're looking at 54 degrees. washington, d.c., interior sections of the northeast today we're going to find some clouds, a few showers. yes, showers. it's winter and we're not dealing with a whole lot of snow. buffalo, pittsburgh, temperatures would have freezing for those afternoon highs. right now at laguar

best sector last year has turned into among the worst so far this yeeferment an etf that pays a dividend, b, t nationalunical bond exchange traded fund yielding about 3%. moneyies have been tarred and feathered over the past several years but this fund has done nicely. >> actually, last year you had meredith whitny wit her big call about municipal bonds saying we will see defaults around the nation. >> tom: didn't happen. >> it did not happen and actually over the course of the year, you saw the big sell-off and you saw municipal bonds really gain steam. the mub had a tremendous run. but a lot of people say that it can really still maintain these levels. maybe even move a little bit higher. you have been seeing pressure iam soft states. but a t of pele s it good to be in mins. you get the tax benefit and it's safe. >> tom: can you, do you own any of these funds or stocks we mentioned, gregg. >> i do not. >> tom: you can read gregg's article at thestreet.com, a link on our web site as well, word on the street with gregg greenberg with thestreet.com. >> susie: here's what we're watching fo