good finds by kaminsky. >> bill: that's what they do.move you around, dribble drive, collapse the d and everybody gets the puppies organized deep. >> tim: this becomes a pretty important early-game possession for ohio state. nine points in two minutes and four seconds for brust. >> bill: they've got to dribble drive or get to the box somehow. don't settle deep. >> tim: thomas baseline pull-up. ravenel on the offensive board. he will take it right back up over kaminsky. >> bill: that helps. offensive rebound, but you've got to finish. >> tim: bruesewitz with the quick release. ravenel with the rebound for ohio state. >> bill: great balance. >> tim: a leaner. again, ravenel looking for a whistle. didn't get it. >> bill: i like the attack, though. >> tim: ohio state 0 for their last seven. kaminsky turned down that three, gave it right back to traevon who finds dekker. >> bill: they are are turning heads now. >> tim: numbers. >> bill: pretty. >> tim: pull-up for shannon. everything but the finish for the buckeyes. they're taking it right to

gary kaminsky could drive bob cucoo. >> the bottom line is simple.supports the fact that if you are an investor today -- >> hold on. >> you look older than men buzz you're not wiser than me. >> holden, guys. >> gary's made his point. we took a look at one time frame and you can't deny the charge that the hfrx. your point, though, is, you have to take a look at a longer term period. >> that's a cursory look of the numbers. one derivative simple look. >> a composite. >> if you want to crush down into the industry, you will find value. >> bring the chart up here. >> let anthony make his point. >> we are finding spectacular managers. what was our return last year, do you remember? >> i don't know. >> plus 21%. we beat the s&p. >> that's amazing. >> you find spectacular managers, you go with themes and concentration. you stay away from long short managers that gary is referencing here to make his point. >> this has been, we have really delivered on a promise. we have to leave it here. i know this is a topic we will probably revisit. there's a lot to be sa

gary kaminsky is bringing us one of those big investors now. a great time to do so, gary. >> thanks, scotty. great to see you. eric spratt is joining us. eric, i have to get right to it. why is gold not printing 2300, printing 1675 with everything that happened over the last six months in terms of all the money being printed around the world what is going on with gold? >> right. i'll sound very conspiratorial with my answer but i've done an analysis of gold which i published about four months ago saying that i can see 2400 tons per year of net new buying of physical gold not paper gold in a 4,000 ton market. so i asked myself, and it's been the same for the last 12 years. no increase in supply. in fact even gold production was down last year in 2012. and i have to conclude that the gold is coming from western central banks and you might wonder how they can do that. how they can do it is they have a line on their balance sheet which is one line called gold and gold receiveables. one is physical. one is gold that's out. we don't know what gold th

kaminski told language close to the truth club programs and documentaries in arabic it's all here on the t.v. reporting from the world's hot spots the v.o.i.p. interviews intriguing story for you. then try. to find out more visit our big dog all teeth dog called. player. plays. plane. took. place clean i play it. such. one who may soon be the cause of both my parents were atheists it's the same they were among those people who built the savior of the union realty and in those days it wasn't all that easy to express your faith the adult here in the twentieth century what the the thank you look at it when i started to live on my own then i was baptized and that's when i was twenty six years old. it was abundantly clear to me that if i had a guardian angel who was looking over me and protecting i had a free will because i'm hurting his feelings would really not be a nice thing to do and most of it would leave i felt that i would offend him if i didn't join the also doc's church with of them being. his nation p.s. they. look at that cross here in this holy place that they would the south

gary kaminsky is there in the middle of it there along with michael sonnenfeld, the group's founder.e has to say about this market and how he's allocating capital. back in a moment. >>> welcome back to our special coverage. the dow industrials closing above 14,000 for the first time since 2007. reaction for the big, big money. tiger 21 a group of 200 of some of the world's best and wealthiest investors. combined, they have got assets of over $18 billion. they are gathered today in palm beach, florida, for an annual conference, and our own gary kaminsky is there joined by tiger 21 founder, michael sonnenfeld. over to you, gar? >> michael sonnenfeld joins us, the founder of this group. >> sure. >> a lot of excitement with dow 14,000, recovered all of the losses from the credit crisis. just spent two days in this building with your group. are they buying into this equity rally here? >> you know, it's great that we're at 14,000, but there are a lot of worries, and we're not completely out of the woods yet. >> but are your members buying stocks, because the major them to that i've heard o

kaminski: cryptosporidium was a wake-up call. it was a wake-up call for us. it's a wake-up call for the nation. take care of your infrastructure before you have the kind of problem we had. biedrzycki: by no stretch of the imagination do i think we're out of the woods. recent cdc statistics indicate that up to 32 million cases of waterborne disease occur each year in this country. roy: but the vast majority of waterborne outbreaks go undetected. when people first get ill, they think, "oh, it's something i ate last night." they don't think, "oh, it's something i drank last night." narrator: the milwaukee incident pointed out the potential vulnerability of our drinking water infrastructure in controlling the spread of illness. biedrzycki: it's incumbent upon us to try to stay ahead of the curve, but it's very, very difficult. there's always another bug on the horizon. narrator: in 2008, the associated press reported that water quality testing across the nation uncovered trace amounts of pharmaceutical compounds in the drinking water supplies of millions of ameri

. >> bob joins us now along with cnbc's gary kaminsky who is a bit more positive on amazon, and, bob, to get your take on the rally at large as we march towards these new all-time highs. let's go amazon first. people always cite valuation if they are trying to nay say on amazon. what's different? why do we think the story should all of a sudden turn negative from a stock standpoint? >> basically we'll let free cash flow and that's what calls a company. i sat with gary xhins co-on 1999 when we talked about cisco being overpriced and lose ent and they marched another 50%. stocks eventually go to their free cash flow. if you look atp john deere, microsoft, you look at cisco over the last 13 years, all tripled their revenues and all tripled their earnings, and yet you lost money on microsoft and cisco and you made -- and you tripled your money on deere. this is what's going to happen to amazon. amazon has a business model that's great for customers. it's great for its executives, but investors are generating no free cash flow. their business model is to sell goods a little bit above cost

. >> he doesn't look like gary kaminski to me, i have to ask a few questions. if -- how long have you been tracking that as an indicator. is that a one-year track, five-year track? >> well, this time series actually is five years. we've been using this among seven eindicators as a constellation, when we get a cluster of these signals is when we get cautious or sideline on the market and actually we got that level last week. >> so, when the hedge funds are going into the market, you want to be out? but you're very bullish and you've been very right and so the question is, with the market still trading at a reasonable valuation, why be a timer here and get potentially caught wrong on a liquidity push-up? >> long-term, you are bullish. >> that's right. this is a tactical short-term call. >> okay. >> in other words, a couple things. you know, one, we think hedge funds are very predictive. so, when it's at the low, when that beta is low, markets actually rise. the problem is, when it rises to the dash line, it means hedge funds are basically all in. and, yes, we wan

speaking of which, want to get back to the tiger 21 conference where gary kaminsky is with kyle bass. world for predicting the sub prime crisis six years ago. gary, good morning. >> good morning, carl. again, i got to tell you the irony of watching dow 14,000 being here with kyle when i was with him about six years ago as you pointed out and we know what happened at that point. kyle. >> yes. >> we're at 14,000. does this make sense to you? the stock market the place have you to be? >> it makes sense to me but it is not the place i have to be. look, if the monetary base is going to continue to grow at the rate it is growing and the fed is going to hold rates where they are today, you know, we've lost the correlation between stocks and bonds. and the fed is buying 85 billion a month about as much as our fiscal deficit, i think stocks continue to go higher. i mean, when you look at what happened last year, earnings expectations come down and yet we had a p multiple move of two or 2.5 points which generated positive returns in stocks. they should continue to go higher if we keep printing

gary kaminsky with the guy who made that call. >> good morning. us again. i should also add for those that did not see that piece live, john, you made that call, you wrote that letter at a time where every closet index mutual fund manager was buying that stock, trying to get a position in the portfolio. you avoided the name with a lot of stress by avoiding in terms of relative performance. let's get to apple today at 450 or wherever we're trading at this moment. is apple stock something you'll be buying in the portfolio? >> thanks for having me on, gary. you know, as you know, for a long time i've been skeptical on the apple case. certainly now at 450 it looks a little bit better than it did at 650, 700. but to me, i'm still a little bit -- still a little bit skeptical. i would probably wait here. i think the pressure on apple's share price is to the downside as more portfolio managers are questioning the investment case around apple. what makes me skiddish about it is just the fickleness of tech consumers themselves. >> right. >> you know, they -

gary kaminsky has some thoughts. >> don't know anything about herbalife fundamentals.d with three of the four biggest prime brokers. one said they had no stock to brother. another said they have small odd lots. another said we think there's only 2 million shares on the street to borrow. why is this important? i know something about a short squeeze. i want to bring up a chart of a company hamburger hamlet. this is a company that became public. big west coast chain. here's what happened in that short squeeze in the early part of 1992 when the stock doubled. it went from 10 to 20. the fundamentals were deteriorating. this is a company that eventually filed bankruptcy. it was an overleveraged private company. we got bought in and thought we had stock short, we had a good length and on the wrong side of it. let me tell you this. when you're on the wrong side of a short and get bought in it doesn't matter what fundamentals are. the final thing i want to say, we were down to 21 a couple of weeks ago. we spoke to a lot of people on icahn and his involvement. the idea is dumb a

. >>> our capital markets op-ed, gary kaminsky has a guest. >> i'm here with charles cantor, for those two years at new berger berman before joining cnbc. former colleague, you launched a long/short mutual fund recently and it's something i always wanted to do, basically a hedge fund available to the public delivering alpha on a daily basis. how did you get this off the ground? >> thanks gary. it's a fundamentally driven approach, we love tearing apart companies understanding how they're going to grow and deploy capital for our benefit. we do that on the long and short side. we're running it long by long 30% to 60, we ran it net long 45% last year. it's equity biased we have the flexibility to earn a reasonable risk adjusted return and tends to be seldom overlap and we enjoy a unique advantage of running a fundamentally driven approach at nue berger berman given access. >> i did have times on research trips with you so i know how you do your work. look at the longs, top five longs and we'll show the top five shorts in a second. dunkin' donuts is one of your top holdings. >> right. >> w

gary kaminsky getting a retail channel check with the ceo of kimco realty. >> i'm here at post 8-d wherein. welcome. thanks for joining us. >> thank you. >> let's talk about kimco. you guys reported fourth quarter two days ago. in a time where we see activists going after companies for bad cash management, bad capital allocation, what stood out to me with us excellent capital allocati allocation. what drove the quarter? what was that great capital allocation? >> a couple of things are going on. our occupancy was at a high since the great recession, our same-store was at a high since the recession and we have been able to take advantage of those lower interest rates. as an example, we placed $800 million of new mortgages on our properties last year at an average interest rate of 4% compared to maturing mortgages at 7.5%. you picked up 250 basis points on those mortgages. >> when viewers hear about low interest rates, q.e. forever, you're an example of somebody who's taking advantage of the low rates, refinancing and bringing money to the shareholders in the form of dividends. dividend yie

and gary kaminsky has touched on it a few times. say? >> he did call. we were there that day. you've been asked by many people and i've been asked by many people to bring tom on so he can share with us what was so controversial and you get that hate e-mail when you say something negative about it. but tom mcclellan joins us. thanks for being back here. give us the -- do you want -- i don't know if you want to look at apple rca or apple microsoft chart first, but what did you see back then and what do you see now as it relates to where that stock should be trading and where it should be going. >> sure. the whole genesis of the idea was back in september, thinking about apple as the tech darling of the moment of this decade and thinking about, what about tech darlings of the past and rca is the biggest one from the 1920s. rca was putting a wireless in every living room. it was the hot new thing. and so i got my hands on the data from global financial data.com, they gave me the data for what rca stock price did back then. i lined it up

gary kaminsky is going to talk fixed income. >> carl, good morning.ists come on to the network and talk about the great rotation out of bonds, into stocks and i want to have somebody join me today who has been doing this, rich saperstein, run about $10 million, running institutions for 30 years, we got together in the early part of january, rich and you told me i'm selling bonds to buy stocks. we hear about it every day. why are you doing this and logistically operationally how are you doing this for your clients? >> economic conditions have vastly improved since the lows of the recession, yet interest rates haven't moved much so for clients and treasury partners we've been reallocating assets out of bonds and into stocks. >> the clients are willing to accept the higher volatility with stocks given the way the world is right now and the fixed income of bonds? >> let's talk about volatility. for the last 50 years the average where the ten-year treasury has been yielding 350 basis points above the s&p. today the s&p is yeeling 40, 50 basis oints over th