we have keith bliss.parino is talking about retail investors are staying in and some of the quick money is trying to figure out what to do and trading on headlines s that accurate? >> absolutely accurate, adam. if you were all-time highs on friday while you were long why not take money off the table if the situation in ukraine is fluid. we sold off in january because of emerging market problems. we're seeing that again in overseas types of problems and dilemmas we're having. we have strong internals inside our own market and caught a lot of momentum. as you see today, risk markets are no challenger for geopolitical risks. adam: keith, we had one guest on in the beginning. hour who said we have secular bull market and get ready, we have a lot of upside coming. >> i agree with that. we may see the 10, 15% correction we've been waiting for. we had a little bit after head fake in january. market internals are very strong. this might be a good situation to buy on the dip as long as something gets resolved shor

keith bliss is joining us now. th, i guess in a world where jcpenney is looking good anything is possible. what is your take on what is going on here? are we waiting for a some kind of major event whether ukraine to give usdownside or upside. >> that is precisely correct, adam. the we're stuck in neutral. we'll be choppy and sloppy as we go through this. number one we wait with the u.s.-russian relations as it affects crimea and ukraine. people are standing by as you know there is a lot of talk about the validity of the economic numbers through the winter. they will wait until we get numbers in april and may, to see if it is weather-related but we have slowdown in the economy. give you three things to watch right now. adam: okay. >> copper prices. they should bottom out and basing $3. expect material stocks to come up with the news. look at transports. tight correlation between transports and s&p 500. transports are still rallying even though we're trading down on s&p 500. they're getting up to overbought level. s&p

keith bliss is at the new york stock exchange. keith, what, i mean what's going on because volume is not light but we keep going back and forth over this unchanged line? what is sentiment like in your point much view? >> pretty obvious people are jittery. they're nervous what potentially could happen. the referendum vote in crimea will go through on sunday. from all indications russia will stand behind the referendum vote, transparent, legitimate, whatever the west wants to call it, game on monday morning. that is why people are really serving for direction. melissa: absolutely and i'm glad you bring that up because later on in the show we'll break down that issue and prepare people what they need to know to get ready for monday's trade on crimea. i think there is a lot of news out of china today. the chinese premier saying, warning of quote, serious challenges ahead. this is from a question who we think possibly inflates their numbers and puts a lot of good news out there. if they're warning about serious challenges when industria

keith bliss, you can't find any single reason for this selloff here. does it continue as a result?re right. it's a mall ga mags of a bunch of things. when you have a little tension overseas or in the emerging markets like we saw in january, people tend to forget that we're still trading near the all-time highs. why not take the money off the table, live to trade another day. normally we'd see a bounce on the next day. i'm not so convinced. we're still not oversold in any of the major indexes, in any -- we're not overbought in any of the bond levels. >> we are 2% from historic highs on the s&p 500. but you have to admit, there was a lot of new data points. when you get these new data points on china worse than expected, when the ukrainian president talks about possibility of war with russia, that's a ramping up of the rhetoric. and when angela merkel warns of catastrop catastrophe, that's an amping up of the statements. >> thanks, guys. good to see you both. we're going out just off the lows of the session with the dow down 231 points. as keith said, it'll be very interesting to see