adam: steve moore, jonathan hoenig, dan shaffer, thank you very much for joining us. >> thank you.getting some more breaking news out of europe right now. just crossing right now, portugal's prime minister, says no country is immune to consequences of a potential greek exit from the eurozone. also saying, quote, it is crucial that the eurozone reinforce its cooperation to avoid contagion in the financial markets. why is this important, these comments? we already told you portugal, that economy is very fragile. there has been worries about portugal and spain going down the same road what we saw the greeks go down. adam: we saw borrowing costs shoot up for portugal and spain. the question how does the eurozone respond to that or will they head the same way. cheryl: those comments making people nervous. other news, secretary of state john kerry holding last minute meetings ahead of tomorrow's deadline to reach a nuclear deal with iran. also this. happening on our coastline. just off the coast of north carolina. beachgoers terrified to go in the water. another shark attack, number six.

here with what to watch for here, jonathan hoenig, capitalist pig hedge fund. s contributor. jonathan, you know one suspicion that you get in following the fed over these past couple years, they are afraid of the stock market reaction to whatever they are going to do. that is not the way the fed should operate, is it? >> you know, david, you hate to say it but this time it is different. you've never-before-seen in really the history of the federal reserve this level of manipulation and intervention in interest rates. so, even if the fed keeps rates low you're likely to see quite a it about of volatility because the truth of the matter is, interest rates have been headed higher. the federal reserve hasn't changed their policy but yields are at eight-month highs. stocks are not too far from their all-time highs. every indication is that the fed should at least indicate that higher rates are imminent. david: what the fed seems most afraid of is one, the stock market reaction to whatever they do and two, the possibility that there will be another recession if they r

jonathan hoenig says it is not a bubble, everyone calm down.ary says it certainly is, get lithium. gary, what's your big concern? >> first off, when i use the term bubble, i use it as good news, i think there's more to go. the bottom line is when it ends it blows up because you have the onesided trade. my contention between 0% interest rates for seven years, 15 trillion dollars in printed money, 5 trillion in negative interest rates, that is the big bubble that's causing asset prices to go awry. neil: jonathan? >> neil, gary says when it ends, it can go on for a long, long time. he knows that. >> i agree. >> we think of a top, the nasdaq top is being the top. no, more often it's a top. you know when it's a bubble when people getlet andly irrational. you hear this time it's different. remember cosmo.com. this is a bubble era company. neil: so you don't think this is a bubble, you don't think $7 billion valuation to a fitbit indicates a bubble, no? >> i know you think it's overvaluation when it comes to it, neil. take a look at twitter, the ipos

jonathan hoenig of capitalist pig hedge fund. a fox news contributor. what are traders on the floor saying. >> it is interesting, low volume today which suggests that is not a lot of conviction but as teddy weisberg just said, climbing the wall of

jonathan hoenig of capitalist pig hedge fund. a fox news contributor. ashley, to you first, what are traders on the floor saying. >> it is interesting, low volume today which suggests that is not a lot of conviction but as teddy weisberg just said, climbing the wall of worry. russell 1295.72 as that settles. the nasdaq as you can see another all-time high. you can't fight the tape as they say. the question, we'll get into the tech bubble in a minute. but right now, greece, who cares about greece. melissa: jonathan, let me ask you, do you think there is a tech bubble? >> listen, i remember the tech bubble. it was about 18 years ago. when the dow was under 10,000, they were predicting dow 40,000. we don't see that exuberance right now. ashley just mentioned, people are still fearful out there in the markets. they're not quitting their jobs to day trade stocks. objectively look at indices. talk about the nasdaq, russell, all-time highs. even for now the market is saying this is a bull, not a bubble. melissa: i guess. ashley, talk about tech for a second. l