what is your point on the herb greenberg catastrophe scenario here? he. >> herb's in the catastrophe. >> no, i'm not. >> i think it's a small piece. >> the thing is that we are still a net importer of crude oil. we're producing 9 million barrels a day and great and bringing in 6 million. i mean, it is not like we're -- we don't have an oil glut here. we are still bringing in oil. refiners are making so much money the past couple of years it's ridiculous. people follow the herd and think think energy stocks are going down and they're not. they're really great value right now. >> thank you, carl. >> to be fair, they have gone down about 40 odd percent, right? >> yeah. you made a great risk here. your analysis is correct. god bless you. >> are you with me here on the leg down that we have already seen in the energy sector? >> no. i was going to say there's a difference, ads well, the impac and the segment is about and whether the banks are impacted or not. there's a difference between corporate leverage on bank balance sheets and consumer leverage on bank

do appreciate that. >>> our friend herb greenberg joins us now. throw the scripts out because on a day like today that is what you do. i thought jim made an excellent point. it's not the fact that we are at 61 and change in oil but the fact that it has gone down 40%. >> is it sustainable down here? when does it flatten out? if you take a look at the market in general. >> what market? >> stock market. as it relates to all of this i come back to the point that i believe that the october correction was like in a blink and it was over. so there was not even a chance to digest itself. you zoom back. the markets always go way too far, sometimes way too fast in one direction and way too fast in another. this case is goes straight up. people say happy days are here again. remember in october when everybody was just so worried for a few days here. >> you know what helped them worry less or not worry at all? earnings. that's what we start to see the numbers roll out. corporate earnings pretty good but not just on the bottom line. the top line was pretty goo

we have herb greenberg our guest on "talking numbers" for the fundamentals. hope you are wearing pants. give us the fundamental analysis on keurig and a big recall. what is your take on the stock? >> i was surprised on the recall that they are basically asking the users to repair it themselves. they will send out repair kits. i am hoping there are no screws or anything they have to disassemble to get this thing done right. of course, by doing that they are avoiding perhaps a huge charge that they had to replace all of the machines. i was intrigued when i was looking at this. i stopped writing about this. i got it wrong when they came out with the cold machine or they announced it. because that is really what the story would be going forward. i look at the short interest on this it has actually been going up over the past five, six months. interesting to see where this thing still shakes out at some point. >> you didn't forget your pants but you might have forgotten your microphone. sounds like you are in the bathroom or something there. >> are you surprised h

. >>> so let us bring in herb greenberg, cnbc contributor, commentator for the street.com. missed out. ibm is one. the other is mcdonald's. what's wrong? >> with which one? >> mcdonald's. >> the company we have been talking about for the last three minutes. >> then you brought in ibm. >> as an aside and give an example. >> here is the situation. mcdonald's has reached the point for the second big time in its life. this is a great brand. company's brand has been clobbered because it is getting stale. it has become a fast food version of a diner. that, i think, is one of the real issues. think about the menu. the menu is a diner's menu. you can't have that. here is the question. is mcdonald's too big to turn it the way it needs to be turned without a major -- >> there is an iceberg. let's try and turn. >> a restructuring back to the basics because what can they be anymore? when you have kids it is a great place to go. if you don't have kids you don't want to go there. they have thrown everything at the wall including in some international markets spaghetti and it doesn't stic