joining us now is james ramelli of keene on the market dot com. good morning. i have to talk to you about this apple trade because i feel like a lot thinking---if i just would have bought the stock on friday---are you in that camp? > >no i'm not. obviously i would've loved to buy the stock $30 cheaper. however, we saw on monday's open the stock get crushed on the opening---give back almost half of its gains. apple comes out with this iphone number---record sales in iphones but remember the last iphone also had record sales and we see what happened to the stock in the meantime there. they're still hoarding cash. they're still coming out with incremental innovations on all of their products and until those two things change, other than a short term bounce, i play apple short or to the flat side. > >are you impressed by this blackberry news? > >not really. the stock got crushed on friday when they announced they were laying off 40% of their workstaff. i always thought that blackberry could be a potential takeover candidate just because they have a very big portfol

alan knuckman and james ramelli are standing by. topic number one: old timers - ibm and time warner are moving their retirees to the new healthcare exchanges. are these mature stocks a buy? alan: you're asking me to pick the best dinosaur. looking at ibm that's more of an investment time warner has doubled from 60 to 120---that was pulled back a little bit. we're sitting around 110. my target on that's 134. so i still have some more upside in time warner. but i like the healthcare stocks actually better. they've got huge momentum if you look at cigna or wellpoint or aetna---they've gone straight up. james: i actually completely agree with alan here. ibm is facing some challenges---some fundamental changes in their business. i like the space that time warner's in a lot. stocks like time warner and comcast have done well this year. gotten a little bit of a pullback here and look relatively cheap. i would like to play time warner to the long side. angie: topic number 2---oranges are extremely expensive in jakarta and that's because of

alan knuckman and james ramelli are here for traders unpluged. good morning. > >good morning. angie: here's your topic number one---crisis de jour. we're hearing a lot about this debt threat, so how do investors make sense of this? alan: it's always something it seems. we're in a new media age so i think people are overly sensitive to all the news but it's gotten to a point where it's crazy. we're 2% off the all-time forever highs in the s &p and people are losing their minds like there's gonna be a market crash. james: right. this little pullback we've had, that had to happen. we do have this little bit of uncertainty about the shutdown but if we're really afraid that this market is going to roll over and that the government is going to shut down, why aren't we seeing bids in the vix? why aren't we seeing gold move? we're not seeing that. i think this is blown way out of proportion. we did this once already this year. alan: trust the market action. opinions aren't anything at all and you've gotta trust what you see on the screen not what you think is gonna happen. you get pai

traders alan knuckman and james ramelli are prepared to tackle tough questions from the floor of the cme group. hello guys! > >good morning angie. > >topic number one: sheeple?- citigroup claims that the s&p500 target price should be 1900 for the end of 2014. do traders buy into this? alan: i think that people are not respecting this overall trend. and that's not that far away in percentage terms. if you look at the pe ratio historically, that could very easily happen because we're still below the peak that we had in 2007 from the price to earnings. cause it's all about earnings in my opinion when it comes to stocks. james: a lot of people make arguments at this level that valuations are getting a bit stretched. and really that doesn't matter with the interest rate environment we have right now. if the fed is able to keep the bond market under control, i think that is a very realistic target. alan: the market doesn't know high or low, only people have an emotional tie to what they think is high or low. angie: topic number two: does chatter matter? from tv shows to trading floors. all

james ramelli is with keeneonthemarket.com. i know you haven't tried one of these but youve seen a lot of people who have. > >this is something that has seen explosive growth. especially in the past 5 years. electronic cigarettes aren't really a new product. they've been around ofr over a decade. but we've really seen growth in this market over the past 5 years. in 2008, total year sales were around $20 million. last year, $500 million. and like you said, this year they're projecting well over a billion dollars in sales. they're already looking at the use of electronic cigarettes for other methods of delivering medicines and for prescriptions to wean people off of traditional cigarettes. the fda hasn't approved that yet however officials in the european union are taking steps to do that. so it's really not that far off and could be a huge growth opportunity for electronic cigarette makers. > >even insurance companies don't know what to make of them as well. let's talk about some of the charts. lorilar, altria---some of the big