to read the essay she wrote in 2008, there was a sense of exhibits -- exuberance. you say that hope is not optimism that expects things to turn out well. it seems like he confused those two things. >> i will come back to what i write about in the book. the expectations were so great and high. go back to 2008. the back to the election and year when we are fortunate region were fortunate enough to be living with debates that were not cruel reality shows. every week, there were debates among the democratic candidates. barack obama embodied change. it seemed he brought into politics a generation of young people and minorities who never thought of the electoral system as a vehicle for change. so many people saw in him the possibility of change that would come quickly. my sense is that it is so corroded that we need to take back a government that has been rigged against working people, ordinary people, the poor. we need to understand it will take more than one election cycle to bring about fundamental change in this country. it will take wind at the back of the president

at one dairy described with great exuberance the naval battle using wine glasses and decanters to show the position of the ships and blowing smoke from his cigar to imitate the cannon fire. it would have been wonderful to have been there. the topic at churchill's table were wide-ranging, and cold, exploding harbors, movies, that hamilton woman was a great favorite of churchill's, and politics. his curiosity was boundless. many of his guests wrote to friends or recorded in their diaries his conversations, repeated his anecdotes and commented on the foodie served. in addition i found hundreds of bills for dinner she gave at hundred hotels, the ritz, guest lists, amended wine lists, many letters from churchill complaining about overbilling, banking his friends for gifts of food and wine, ringing generous tips for hotel waiters call in the archives, all set out in my book. i have produced many of the menus in my book in case any of you want to try to duplicate one or two of them at a special party at home. the wine list might be harder for you to replicate since so many decades have passed

. >> i'd like to think that maybe women are more exuberant communicator communicators. >> see, i don'tve exuberant in my vocabulary. >> women have a lot to say. >>> a controversy involving one nation's top coals right here. why people are so upset about the renovations to thomas jefferson high school. >>> and veronica, you have some big news and we're not just talking about the weather. >> oh, that's -- there you go. that's right. we're talking about chili, right? we'll talk about that on the other side of the break, but first the bigger news will be the fact that, hey, wre dealing with a storm moving this way. tonight dry, no problems. in fact, most of tomorrow morning should be dry, but still could have in issues. we'll talk about it when "news4 at 4" returns. >>> what did you find, danielle? >> some pretty startling things. for starters in washington, d.c. every sushi venue misled consumers about their fish. not one properly labeled snapper. from fresh off the bot to your dinner place, somewhere along the way seafood is getting mislabeled. >> that's horrible. you want to get what yo

when he said irrational exuberance. google with a p.e.ould have been a cheap stock in that kind of market. now it's about the most expensive tech stock out there and it's not expensive, it really isn't. >> thank you, steven. taking a break from facebook. a new study says americans are getting tired of the social network. what that means for the stock, next. i'm serious, we compare our direct rates side by side to find you a great deal, even if it's not with us. [ ding ] oh, that's helpful! well, our company does that, too. actually, we invented that. it's like a sauna in here. helping you save, even if it's not with us -- now, that's progressive! call or click today. no mas pantalones! >>> if the stock market were a popularity contest, there would be some clear winners. apple, google, coke cola, mcdonald's and facebook to name a few. but that's not how things are supposed to work. stocks are a bet on the future profitability of a company, not its popularity. but for a while there, facebook's prospects looked pretty good. in the last month

totally understandable in terms of their in exuberance. you want to always promised something, but now that i have been 22 years of experience, i know delivering on more than what you promise is always welcome in a city like san francisco. civility at civil -- city hall. i have been working on that. as you know, once a month, i walk over the hallway -- in fact, one of those days was today, to answer questions that they have. and it is less dramatic, without the rhetoric that you have seen, but guess what? i have appreciated the questions they have been asking me because there is a lot more thought in those questions now. it is not a gotcha hour. it is not how you can sound good and maybe not follow through and do good. so i think those questions have become that much more mature, focused on the things that are important to the public, and i always take the opportunity to thank those supervisors for their questions. i will walk with them in their districts, commercial corridors, when they have been with me on any particular thing or not. we

i think that's what it was titled this month is rational temperance rather than national exuberance.nd they can raez out can ease out of this and first step is quantitative easing to 600 billion then 400 billion and all the way down to zero, perhaps in the next nine to 12 months, then these are small steps. ways going to call them baby steps. but those are big babies. the fed basically is trying to ease its way out of this and produce a normalized economy and normalized market. but it is fair to say that prices are reflecting abnormal and irrational interest rates. >> bill, i'm going to be real high-tech on television. in the last four years, the stock market has gone up. bonds have gone up. mortgage backed securities have gone up. housing has gone up. where are there still opportunities? >> well, the opportunities, brian, i would say, first of all, are less than double-digit. those expected in the stock market and we are seeing it. we are seeing a nice annualized return today in double digits certainly. but those expecting double-digit types going forward are bound to disappoint and

alan greenspan, 1996. >> how do we know when irrational exuberance has unduly escalated asset values?, weigh in. >> absolutely. hoo-in the fist three weeks, a lot of money came back from retail investors so people saying they're coming back. this is only the first three weeks. will it sustain for the long run? i don't think it could be sustainable for the long run. we've got $11 trillion sitting in cash and getting zero percent interest rate in money market accounts. folks still have money on the sidelines and we have skepticism how long this will continue. i'm telling folks, look, if we have $10,000 in credit card debt, this is not your time to get into the economy. if you have -- >> in the storm. >> if you have a financial goal of buying a house or starting a business in the next year, this is not your time to use the stock market as a gamble. >> that's a really good point. who should be in stocks and how you should be weighted and what your individual goals are, what lee was talking about and who shouldn't be looking at stocks at record highs saying now is my time to get in. >> rig

this is irrational exuberance still. >> we will stop rating pigeon droppings. >> okay. >> and let's goicit reduction. we have seen in slow motion, almost 2 ppt 5 trillion through discretionary cuts and through the fiscal cliff deal. how much more revenue -- or how much more savings do we need and is president obama correct to say that tax revenue needs to be part of that solution? >> i would say we are half way there. unfortunately, we have done easy stuff. we raised taxes on rich people and we've capped discretionary send itting without saying exactly what we would cut. we haven't done anything to reform a tax code. we haven't done anything to reform our entitlement programs. to slow overrate of growth of the economy. we have to do that or we will never get to the promise land. i think president obama is right. that we still got to have some revenue in the mix. but again, the real focus has to be on reducing these entitlement costs. that's the big deal. >> senator, you agree that we need entitlement cuts but we also need revenue as part of the last phase of this deficit reduction? >>

> the night 9ers won the nfc championship the sidewalk in front of his business was a magnet for exuberant fans and a lot of cops. no one wants a repeat of the night the giants won the world series. things were set on fire. to stop that from happening, extra garbage collection is scheduled sunday morning before the game. >> our office and i will person -- personally be committed to prosecute someone who damages property. >> the district says the consequences will be clear. he pointed to the mug shots of 14 people arrested the night of the world series. >> some of these people that had a prior record are facing the possibility of 45 years to life. there are people that had no criminal record that are facing the possibility of three to five years in prison. >> reporter: city leaders say there will also be zero tolerance for public drink. reporting live in the mission in san francisco, linda yee, cbs 5. >> remember, you can see it all right here on cbs 5 on sunday. the super bowl kickoff is at 3:30 our time following several hours of pregame events. our team will be there all weekend long. de

if we're in the exuberance phase of stocks right here, are we about it repeat history and trigger anotherne. speaking, i guess you could call them the michael jordan of monetary policy. >> how do we know when irrati irrational exuberance asset values. >> i believe that this economy, look, in the first three weeks. a lot of money come back from retail investors and a lot of people saying retail investors coming back. if you look at it, again. only for the first three weeks. sustain itself in the long run? i don't think it can be sustainable for the long run. especially if we have $11 trillion right now sitting in cash and getting 0% interest rate in money market accounts. a lot of folks have money on the sidelines and we have skipticism about how long this is going to continue. i'm telling folks, look, if we have $10,000 in credit card debt, this is not your time to get into the economy. >> in the stock market, you mean. >> if you have a financial goal buying a house or starting a business, this is not the time to use the stock market as a gamble. >> that's a good point. who should be in s

today's events, you can see both the strengths and weaknesses of the catholic church, the exuberant energy and faith in the massive crowd gathered here, and the new charges of abuse that continue to haunt this institution. today, the world came to st. peter's square for pope benedict's final sunday blessing. part pep rally. part prayer service. just being in the crowd of 1,000 was a learning experience for these american students. >> that the faith has no national boundaries and political interests. >> reporter: the object of their affection and gratitude, the 85-year-old pontiff. he told the crowd he is not abandoning the church but answering god's call to more prayer and meditation, more appropriate for his age and strength. yet even in this joyful square, the scandals that marked his papacy were on the minds of some. >> i think he has done an admirable job in admitting the failures of his fellow bishop and priests, but also in desiring to clean up what he knows is a very awful mess. >> reporter: the vatican is denying unsubstantiated reports of scandal and blackmail inside its walls. ou

." >> susie: february got off to an exuberant start here at the new york stock exchange today. the dow broke through the 14,000 level. it's the first time that's happened since before the financial crisis in 2007. traders say the recent rally in stocks could draw in more individual investors into the market. by the closing bell, the blue chips were up almost 150 points to 14,009. the nasdaq jumped 37 and the s&p added 15 points. one catalyst pushing stocks higher: cent da about jobs. american businesses added 157,000 jobs last month but the unemployment rate edged up to 7.9%. even though the january report was a bit disappointing, job growth in the previous two months was revised higher. suzanne pratt has more. >> reporter: stuck in neutral. that seems to be the best cliche for the u.s. job market, right now. the nation's unemployment rate has been lurking just around 8% for the last six months. and, the number of news jobs created is barely keeping pace with population growth. still, some economists think the latest labor data is encouraging. >> when we look at the number of j

." >> susie: february got off to an exuberant start here at the new york stock exchange today. the dow broke through the 14,000 level. it's the first time that's happened since before the financial crisis in 2007. traders say the recent rally in stocks could draw in more individual investors into the market. by the closing bell, the blue chips were up almost 150 points to 14,009. the nasdaq jumped 37 and the s&p added 15 points. one catalyst pushing stocks higher: decent data about jobs. american businesses added 157,000 jobs last month but the unemployment rate edged up to 7.9%. even though the january report was a bit disappointing, job growth in the previous two months was revised higher. suzanne pratt has more. >> reporter: stuck in neutral. that seems to be the best cliche for the u.s. job market, right now. the nation's unemployment rate has been lurking just around 8% for the last six months. and, the number of news jobs created is barely keeping pace with population growth. still, some economists think the latest labor data is encouraging. >> when we look at the number

. >> now to the wise-cracking former mayor of new york who was as colorful and as exuberant as his city. ed koch was known for speaking his mind and taking on his critics. after a decade of leading the big apple in the 1980's, he's also remembered for saving the city from near financial ruin. koch died today at the age of 88 from heart failure. he was famous for asking, how am i doing? a brief time ago i asked the new yorkers' john cassidy for his verlander. >> he was great new yorker. when the city was sort of down in the dumps and people thought this was going bankrupt he came up from the streets and said, we're not finished. i can run this place. he put more cops on the street, he stood up to the unions during a big transit strike, he attracted more investment. lots of people didn't like him but they sorted respected his energy and that he wasn't giving up on the city. >> i mean, his supporters say that ed koch changed the narrative of new york from one of decline to one of resurgence. sounds like you think that might be true? >> well, i mean, that's a bit too much. you can't put it

remember cuba gooding jr's exuberant dance? >> i love you! i love you all!mbers show men are more likely to wave their statues in the air. and remember gwyneth. >> i would not have been able to play this role had i not understood love of a tremendous magnitude, and for that i thank my family. >> and as halle berry shows, women are more likely to cry. by the way, the experts found every winner is more likely to thank mom than dad. so this year, start counting the dads too. and be sure to tune into the oscars this sunday starting at 7:00 p.m. right here on abc. >>> coming up next here, a personal conversation with my friend, robin roberts, who tells all of us how to find the strength we may not believe we have. she is our person of the week. if you have high blood pressure and get a cold get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood pressure. and the only one i use to relieve my cold symptoms without raising my blood pressure. coricidin hbp. and every day since, two years ago, the people of bp made a co

it will remain around, but i would watch much more for the exuberant groups black pentecostal, white pentecostal and moderate evangelical. [interviewer:] okay, one of the difficulties people come uwith when we talk about religious diversity and a classroom religious pluralism there's a tendency to say, "well, if you study all the religions, you water down your own religion." is there a way that a model or technique people might use, to cherish the integrity of their own views yet appreciate other worldviews or are we just barking up the wrong tree here? [prof. marty:] what's the big difference between appreciating and adopting? we once had a class in this campus where four people gave the views of the catholic mass. one took the role of freud, one of marx, one of marx's favorite, one of durkheim, four great students explaining that the mass is nothing but this, nothing but that. and after it was over a student in the class said that was very - you should have somebody there who believes in it. we said, "two of them do." a catholic can take on the role of being sigmund freud interpret

he is huge enjoyment of life, his exuberance and charm. his energy and capacity for work.his kindness and humor. his courtesy is in generosity's with his friends. [inaudible] churchill was such a great man. thank you. [applause] >> i must mention to everyone that in order to get your questions answered, please wait until you are recognized. the microphone will come to you. okay? okay. >> are there any questions or comments? >> yes? >> okay. thank you so much. welcome to arizona. you made a reference about stalin in the west. as i understand it in 1942, the americans and british open up the front in north africa and push the germans out of north africa and then began an invasion of sicily. was stalin referring to an invasion of northern france when he said a second front? was their intense dinner conversations on this topic where they really got into the meat of it? >> [inaudible] they knew that there would not be a second front in europe in 1942. that is what they then had to go and sell to stalin. the first night of that meeting, he was very unhappy and the dinner ended o

. >> the night the 49ers won the nfc championship the sidewalk was a magnet for exuberant fans and cops. nobody wants a repeat of what happened when the giants won the world series. fires were started. to stop that from happening again, extra garbage collection is scheduled sunday morning before the game. >> our office and i will be personally committed to prosecuting those who hurt someone or damage property. >> the district attorney says the consequences will be severe. as an example, he pointed to the mug shots of 14 people arrested the night of the world series win. >> some of those people that had a prior record are facing the possibility of 25 years to rifle there are people there that had no -- to life. there are people that had no criminal record that are facing three to five years in prison. >> police say there will be zero tolerance of drinking alcohol in public. >> no consumption of alcohol in public. we want to live up to that phrase that nobody does it better than us. >> reporter: wise words from the chief. thed did say he will throw the book on anybody bent on destroying p

and the rockets were thought to be over exuberant here is the coach. >> i am an old school basketballand i am an old school coach. >> briefing that all of that is cool. anti-blapam just sent out--we -- just sent out a tweet. >> that is not cool. >> jacqueline: i do not think there were trying but it was definitely a possibility. >> just yelling at people and then they do not get hurt. i have yet to hurt anybody. >> pam: if you do not get your way? >> gary: and bad news for the lakers. just now, kobe bryant. san francisco just lost to arizona. and some highlights it was difficult to figure 02 but arizona, the seventh foray into and you can forget about brian olsen but sergio romo of 14 arbitration. it turns out that he is worth for a record 5 million and the word is that he has settled around $3.5 million. the giants did not want to hope that he was going to come back from his second surgery so sergio romo is now the man. the 49ers franchise has been hit with a terrible tragedy. there were killed it just shortly after the super bowl by a drunk driver. a 26 rolled swerved and hit them.

." >> ben affleck and george clooney, exuberant. hollywood's hottest night. >> it came true. >> this is nuts. >>> exclusive access to the biggest winners. oh, you got a fan here. >> good morning, america. >> we've got every jaw-dropping moment. >> we have a tie. >> when seth met shatner. >> captain kirk, what are you doing here? >> and the sizzling songs that brought down the house. ♪ celebrating 50 dashing years of bond. ♪ make the sky fall >> with oscar golden girl adele. >> this is amazing. ♪ >>> and good morning, america. so great to be here live in los angeles this morning. the morning after the oscars, the whole gang is here, even dj kiss. we're going to have so much fun this morning. boy, i had so much fun last night. first time backstage last night at the oscars. all the big stars coming in. the glow of victory. the be p

we learned what people can do, partly maybe over -- partly because of over exuberance. >> >> reporteround the mayor at the gold dust lounge where he will watch part of the game. police will watch where people are gathered. >> we have extra officers throughout all of the hot spots. >> >> reporter: steps were taking, "no parking" signs put up on market street. bus service on moquette street was diverted at 5:00 p.m. along with cable cars to prevent possible damage. it will inconvenience some riders >> i'm going to have to find out where the rerouteing will happen and which stop will get me mao closer to where i need to get to. it will take creative thinking. >> reporter: the obvious hope that it is all for nothing. >> i think the tone will be respect the neighborhoods, celebrate all you want, but, keep that level of respect that everybody deserves. >> >> the mayor said that a peaceful celebration will help put the city in a good light, helping to draw major event the to san francisco to the bay area, for such as for example, a future superbowl. ken pritchard, ktvu news. >> >> coming up

i was determined to grow up to be just like her, raised with the same exuberant strength. not that we look much alike. she had very dark eyes, darker than mine and a long face with a pointed nose framed by long straight hair, nothing like my puffy nose and short curly locks otherwise we recognize in each other a twin spirit and enjoyed a bond beyond explanation. a deep emotional resonance that sometimes is telepathic. we were so much alike in fact that people called me little mercy which was a source of great pride for me. no one among my cousins was close to me and also had a special connection. but even nelson never wanted to go on saturday mornings because of the smell. it wasn't just the kitchen -- the chickens have smelled. they had baby goats in pens and ducks and rabbits in cages stacked up against the long wall the cages were stacked so high that she would climb up a ladder on wheels to see into the top rows. the birds would be flocking and clucking and flapping and screaming. there were feathers in the air sticking to the wet floor which was slippery when they hos

last year we started out with this exuberant rally and it petered out. >> as we do see the yeelgds ielg up. >> above that, 2.24%, to $2.30ive you get a liquidation in bond futures, investors might want to jump in at that point. >> we will be watching for that, so now you know how our guys are making money. what about your futures are they going higher or are they going lower? you will want to log on for this one, chart gu-- >> doc trade the tilts, the tlt. >> yesterday we talked about profit taking in february. very large trade that was put on just 30 days ago or less. they took $4.5 billion off the table yet. selling out those puts in february. but they're not just exiting, they're buying the 1.16 puts in the tlt. those that bought are already up tied. and they say rates are going higher. >>> are small caps getting ready to take an even bigger leap higher? steven desanctis tells us how he's playing that group and how you should be a well. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from expe

. >> deep beneath his youthful exuberance is a mental illness. >> i like facts about history, religion, politics. >> you don't love your child any less because they have a mental illness. you love them probably more. sometimes i think elliot was put here on earth for us just to see if we could make it through. >> i'm a good person. >> smart. >> smart and talented. >> beat dad on jeopardy. >> usually beat dad on jeopardy. >> a lot of memories in those books. >> misdiagnosed with add as a first grader. it took years for elliot to get the correct diagnosis. asasberger's syndrome. often repetitive behaviors. he also has a mental illness. psychosis, a loss of contact with reality. >> he actually went out to a dumpster, they were building a new home, and started banging his head on the dumpster. if that doesn't break your heart, i don't know what does. to see someone go through that and now to look at elliot. >> i was delusional. >> you were delusional, but you're doing so good now. >> there were years of heartbreak and struggle. he head butted his father and the family was forced to call 91

it has to do with the fact that the stock ran to 705 in a fit of irrational exuberance. it was almost exactly the same price as it was last year at this time, would it be mired in this wrath? apple is not a victim of its own success. it is a victim of its stock excess. excess which is more -- well, it's in excess of let's see say no more as the stock gone from being high price to low price in record time. i have no doubt that if the company were to institute a bigger buy back it would go higher. perhaps appreciably higher. but if apple were to do in 2013 what it's always done, create the finest products we have never thought of, that's what the market really wants and nothing else. that's what spurs the growth here. which is and always will be the magic elixir that all well performing stocks exude including apple. let's not forget something about else. the great thing about stocks is we can sell them. if einhorn is not happy, he's free to sell. he can sell any time he wants. if apple is too cheap, if it's priced multiple earnings of plus ten is too low, it will correct.

. >> he was an exuberant, typical 7-year-old, full of enthusiasm, a joy to be around. >> father/son time a boat together, enjoy each other's company. those are moments that you cherish forever. >> to be back in the area where it was taken, being with my youngest son, my friend and my buddy, it's great to see him growing into the man he is. >> where is the hair? that's what was going through my mind. looking at the picture, body is still pretty much there. where is the hair? to be in that position more than five minutes now hurts. when are you something years old. >> at my age, you have to bring some of the past into the present and give me hope for the future. ♪ we are family >> i picked a picture of my mom and my older sister whitney and myself at white's park. i have since learned its white park in cocker, new hampshire. we would come ice skating here when we would visit my grandparents. >> i cracked up. i have that exact photo in my office. it's been there 20 years. i always loved the picture of the three of us, and erica's cheeks and dimples. that was her. definitely always smiling a

he came up there with that same youthful exuberant speech, with a beard. from that moment in 1998 down to a bit of a career trough and back up. the way he explained it and talked about working through it. >> and his message about no grudges at a time, of course, when he was snubbed by the oscars for best director but his film went on to win anyway. his message was so important and so powerful. great reminder to all of us. >> i love how he addressed his wife, too. >> and how you pick yourself up. by the way, the handwriting on his hand, as we reported earlier, his little girls had written messages, i heart you dad. >> got me right there. >> take two, a lot of people talking about the host last night, seth mcfarlane. he hosted the oscars for the first time last night, began with a big introduction of captain kirk, to help fix his opening monologue. he showed off his talent. you know him as a funny guy. last night they saw him sing, dance, do a little stand-up comedy. the reviews were mixed but the truth is in this day and age on twitter -- >> it's always mix

and let me just put this out there and i don't want to be exuberant with this and if you're a snow lover, a couple of chances are coming up. >>> straight ahead, a warning for mothers to be and some new studies suggest gestational hypertension could be a precursors to medical problems. >> and the downfall of being a nation so plugged in. okay, i need a better pizza. one made with only real cheese. a pizza my family will love. (announcer) freschetta naturally rising crust pizza. freschetta. made better to taste better. you score little victories every now you can do it with dinner. introducing land o'lakes® sauté express®. the all-in-one sauté starter with butter, olive oil, herbs and spices... so dinner really sizzles. it's one step, no prep. and so good, they'll ask for more. and that little victory is a pretty big deal. land o'lakes® sauté express. find it in the dairy aisle. >>> centers say pregnant women suffering from high blood pressure may face a higher risk of developing heart disease, diabetes and chronic disease later in life, especially pregnant women suffering from preeclampsi

so we have to have an over exuberance for markets and we don't. mexico i still have to convince people to buy stock as part of a balanced portfolio. so we have japan. it was like this fourth wheel to the economy. can't show up to work for 20 years. all of the sudden it's back. markets up 30%. they haven't even done anything. it's hope. >> middle of november, 30%. seema, in my day when i was a wall street economist and so forth, japan was, i guess like china is today. pivotal to the world economy. i don't know if that's fair. what japan did affected everybody's expectations. now that we are doing this and maybe they will grow faster i wonder if this will trigger more stock rises here and more investors, retail coming in. they see markets rise. what do you think? do we have reports of retail coming in? >> great question. if the yen continues to weaken, you see the nikkei move higher what does it bring in terms of the global market rally? what's the effect on other emerging market indiceses like india, china, impact europe and the u.s. indices? it's

now have you exuberant phase, again, i'm still comfortable saying at some point this year, at least 55% possibility. >> all right. 1600 is what he is looking for. is this enough after pull back for an entry point for you? >> any pull back is an entry point. but i wouldn't be surprised. nor would you think investors would be. 1475 is nothing. what is that? 2%. but what people have to start to listen to as we get closer to march 1st and sequester cuts are, what does that look like? does that put more pressure? either way, i think at the end of the year and we have talked about it -- >> what about washington, bob? >> this pull back is pretty shallow. normally you see 3, 4%. >> exactly. >> even traditionally, 5%. >> that's what i'm saying, too much demand out there. >> what about washington? europe is headline risk down here today. but to kenny's point as march 1st comes closer, you think you will get your grand bargain, bob? >> yes. >> do you? >> watch the character speech coming pup if republicans are definitely looking down the road to immigrations, taxation issues. they will make a deal

. >> how do we know when irrational exuberance has -- >> reporter: translation, a bubble.happening again? four years into this bull market, record cash flowed into the market in january. it's a running of the bulls. either that or investors are late to the party. getting in now goes against that legendary advice from warren buffett. when they all zig, you should zag. >> be fearful when others are greedy. >> reporter: there's more greed here than fear. >> in my view, it's a correction waiting to happen. i don't think it's real. >> reporter: real or not, the s&p 500 has doubled since the lows in 2009. companies are flush. profits are growing. there's this guy. >> if the fed wasn't doing quantitative easing, the markets would easily be 20% to 30% lower than where they are today. >> reporter: with apologies to the "little rascals" it's baby ben throwing money into the economy. $85 billion a month, with no end in sight. but does that mean you should jump in? >> you always have to step back. why are we investing in stocks or investing in bonds? it has to fit your own personal si

this is quite typical of colinet's work, because there's an exuberance in her work, and her girls areportions. but these girls, they're obviously-- they're dating from the 1920's maybe the 19-early-30's. but you've got the movement there. you've got this fantastic base. it's so graceful. dare i ask when it came to that auction here? your heart must have been in your mouth because auctions are wonderful places to get the adrenaline pumping, aren't they? they really are. so when the hammer came down... the hammer came down-- at what price? and my husband and i were thinking about this and i think it was 2,000. £2,000. and how long ago was that? it might have been ten years. ten years ago. my memory isn't what it was. well, um... if you were to go out and try and replace-- this is a very rare group. you're not gonna find these girls for less that £6,000. good heavens. so, um... wow. well, they won't be going anywhere. they're staying in blackpool at home. which, let's remind everybody, is noted for fresh air and fun. i'm used to delft vases in the traditional coloring of blue and white,

because i think you have a very natural sense of exuberance and fun.ove in you. so i watch that. i focus -- [ cheers and applause ] >> jimmy: you do? >> you're a fine example. there's a lot of other talk show hosts. i don't enjoy them. stalin. his talk show, awful. [ laughter ] very bossy. yeah, that guy stalin? oh. >> jimmy: stalin had a rough one. >> hitler. his show's horrible. he's a bully! >> jimmy: he's a bully. he's a bully. but, i mean, you've taken it now. 'cause i think you do a great job and actually, you have a way with words. >> thank you. >> jimmy: you are fun to converse with. >> thank you. i very much enjoy conversing with you. i think you exemplify greatness, entertainment, sweetness. and other than your cruel impressions, you're a lovely gent. [ laughter ] >> jimmy: russell brand. "brand x with russell brand," this thursday at 11:30 p.m. on fx. we will all be watching. >> thank you, thank you. >> jimmy: katharine mcphee joins us next. stick around, everybody. [ cheers and applause ] ♪ we were so blessed when we had triplets if by bles

the exuberance is enough to forget the basic maxim of all. buy low, sell high. notice it doesn't say buy low, hold. it's buy low, sell high. so you end up sitting back and watching your storks go higher without a care in the world. you know what, nobody made a dime being care free. the trouble with being complacent during a rally is it encourages you do the exact opposite of what you should be doing. i know the feeling. you're sitting there and watching the gains roll in and selling stock would be the most insane thing, because what happens if the rally keeps going? doesn't matter. we never sell all at once. that way timing isn't much of an issue. remember, we're not market timers or sellers or technicians. take some off. if the rally hold up, hey, you can sell more later and higher. the name of the game people is preparation. there's no way to prepare for a rally other than by owning stocks, but during a rally you can prepare yourself for the bad days and the really bad days that are coming. the best time to adjust your portfolio so that you're ready for the ne