[laughter] >> okay, keith fitzgerald, what do you make of this it's a lot easier to fire people in washingtonnd when you hear bernie sanders say there's not enough time, well, that was the issue that the fact that they can do what the private sector is asking to do, i got off i can make that case criminally. there is something dramatically wrong that it's an insult to being wrong. >> is blumenthal had said that this is where the criminal charges had existed in in the meantime, we kind of knew that this is where accountability isn't going. >> that's right, the senate's rejection of it is a rejection of their leaders and the disinterestedness. barack obama has treated this incredibly wrong. it took a month to address this and then the administration to announce that we will be okay with the house bill passing and that's not what you do when there are 40 dead veterans. you actively pursue this bill and lobby the senate and the president has not done it. neil: it reminds me that promises are oe thing and promises can be another as well. >> taking responsibility makes going to a fundraiser in chic

what were you going to say, keith fitzgerald? >> i'm with rick. there's a four-letter word and that's risk. what trade remembers all about, what's going on with the ukraine and data because there isn't a single data point, this is all about uncertainty and the fact that traders -- >> why when the ukraine situation seems to have de-escalated for the time being, when jobless claims are improving, why is it now that we're seeing the rally in the treasury space? >> well, again, traders are very, very specific. they don't care what policy womks do, what putin and they don't care except what's going on in the market. they don't want to risk the uncertainty of having a fed making things up, sta statistics measuring the wrong stuff and having economic data that feels good but is not yet a trend. >> jack bouroudjian, you're very quiet so far. >> you know what, because i've been waiting to jump in. it's not a four-letter word, it's a five-letter word, it's wrong. the bond market has been wrong. it's been wrong for the last five years. it was wrong last may.

keith fitzgerald chimed in, at something that makes this country great place to live free market capitalismwhole lot of fun and profitable at the same time. thank you for your comments. deegan coming. first lady of fashion, some people call her that, was joined by the first lady of the united states, michele obama at the metropolitan museum of art ware costumes center was opened up in winter's name. in a rare public display of affection winter actually cried, maybe because she was indeed being honored but do you remember this ad from miss winter? late night talk-show host jon stewart did not miss a beat when he caught me talking about her. >> sarah jessica parker and vogue editor on the winter cold and exclusive event for the president's reelection bid this >> stuart varney, that was a little [bleep] annoying the president doing a lot of fund-raisers you don't have to put on that accent. >> i am anna winter and i am so lucky in my work i am able to meet the most incredible women in the world. >> okay, i take it back. i take it back. that was a pretty good impression of an winter. stuart: ev

keith fitzgerald joins us from portland. liz macdonald next to me in new york. all about bankers in orange jumpsuits? what do you think? >> it ought to be. it is, in front of them, this is just more speech for the masses. no question in my mind this is where the size. he is clearly on the porch because he can't run with him. stuart: he's going back to the financial panic of 2008. what do you say about it? >> this is five years after the fact. he is saying some described it is too big to jail. he himself was testifying last year for the senate saying yeah, it is a problem to bring prosecutions against companies too big. he is contradicting himself. if you prosecute a company or a bank, they would lose their license. stuart: what is hurting this market? when we opened up the business today the dow dropped 120 points. now what was that? something to do with ukraine or was it a look back at the jobs report from friday or a look forward to maybe an absence of growth in the u.s. this year? what move the market down earlier today? >> it was more ukraine than anything e

. >> let's add keith fitzgerald to the fun. keith, i know you've been bullish on stocks. we've been sitting at these highs. we've got this lack of volatility here. do you still think that the next best move is to the upside? >> well, i tell you, i'm becoming very, very concerned now for the first time in several weeks. i think we're buckling up like a pilot says we've got turbulence ahead. i think a summer swoon is coming, a leaderboard changed dramatically up on the dow it investment only 1 in 19 stocks having 52-week highs on average. a year ago that was 101. we got overbought readings consistent with what we saw in 2007 and a percentage of gdp in terms of market capitalization which is what we saw right before the dotcom crisis. i'm careful and i'm cautious right now. >> hang on, jack, there in a second. what do you think, art? >> i think that's dead right. saying for some time you're seeing the indices go up with fewer and fewer players supporting it. a smaller percentage of the s&p and when the dow is kind of a distorted index, but the s&p and a variety of the other

abigail doolittle is with us and so is keith fitzgerald from money map press and larry mcdonald from new edge, usa, and mosha cohen joins us from columbia business school and kenny volcari from o'neill securities. dow up 100, nasdaq down sharply. feels like maybe the popping of the momentum stocks or the tech bubble, however you want to put it. what's going on with the two markets? >> there's two things. the weakness from the morning. people weren't paying attention to putin's comments until after janet yellen's comments that she's keeping the interest rates at zero forever and the nasdaq continues to be under trouble -- under duress as investors and traders really look to continue to raise cash from some of those high growth names and put it back into what we see kind of the broader stable large-cap americana names. i think there's not a lot of volume here. not a lot of oomph. right at 1875. i think the sells will start to come out. >> it's not just that the dow and nasdaq are moving in different directions that has people scratching their heads. the weakness of the u.s. dollar, to