with us today from toronto is kevin o'leary. he is the o shares etf chairman. let's talk about this, jo. you've got money sloshing around. you've got the paper today wall street journal says stock rally is more hope than entrance. what should people be thinking about? the way that the market is trading. >> i have a couple of thoughts that i'll get to really quickly. i asked the producers to make this chart for me. i wanted to show you rsi on the industrial average because it's at the highest -- it's at the highest levels that we've seen really going back 20 years. now -- >> if the for the dow at these levels. we saw it in 2003. frequently that it will be at the beginning of a leg higher even though it does mean a short-term pullback. i think people need to not lose their head when this thing goes off. >> i mention at the top this notion of this rotation that's going on. you know, hour by hour in some instances. day by day. out of sectors into others. some stocks that are up, you know, a couple of hours later. they are down. money starts to move elsewhere. jim c

also with us kevin o'leary, etf chairman. let's begin with the sign. one market watcher says could lead to big gains for the s&p in 2017. jonathan of mkm partners joins us now on the phone. jonathan, welcome back. >> thanks, scott. >> read your note today. was interesting. what's your headline here. why should stocks continue to rise well after 20,000? >> well, really what we're noting this week as we head into the final week of the year is the potential for what we call bullish outside year, and basically in simple terms all that means is throughout the year we've traded below last year's low, which was 1867 on the s&p 500. if we were to close the year about last year's high, which is 2135 and we have three days left, but it looks pretty good to do that, that would leave a bullish outside year. now, it's only haepd every happened two other times in history. one was in 1935. one was 1982. i'll sample size it too. it's really not sufficient to draw too many concludes from, but those two years were followed by yearly gains of 28% and 17% respectively. th

wonderful, kevin o'leary, co-founder and ceo. kevin, thank you. by talking about this deal. carrier getting $7 million over ten years in exchange for keeping 1,000 jobs in indiana, also investing $16 million into it's plant. is that a good deal for tax payers? >> this deal really is more about symbolism, about the theme that president-elect trump carried right through his campaign. this goes right to the heart of making america great again for american workers. it got him elected. so everybody understands why he is trumpeting this as a success, but underlying this issue is the concept of can you bully companies by just job-owning it which is what he's doing say i'm sending you a warning shot, if you're thinking of move, i'm going to shine the light of the government on you, and the only reason this company kept carrier in the u.s. is they actually have a $6 billion relationship with the federal government. everybody knows that. but here's another way to think about this, and why the market's been so encouraged, there is a balance here. if trump ca

also with us today from toronto is kevin o'leary. o shares etf chairman. let's begin with the markets today. the dow marching closer to that 20,000 level as everything from the transports to small caps, nasdaq hitting record highs today. josh, what, if anything, is still cheap is the question i pose? >> you have 40 new stocks hitting 52-week highs in the s&p today. you had 112 yesterday. is anything cheap enough to buy anymore? >> let me start by saying this is a great environment for people who didn't panic during all of the big bad event that is we had this year starting from the things that went on in january and february related to china, continuing through, you know, the brexit drama this summer, italian referendum. the election here. if you stuck to your guns skpurks owned cheap stocks, you are doing very well. value is outperforming substantially. small caps that couldn't get love for two years are also doing well. i don't understand why we would say that that's going to stop. the -- it's important to point out the four best sectors in the s&p were

. >>> also still ahead, kevin o'leary on the role that they have played. first in business worldwide. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> welcome back, president-elect trump meeting with the ceos of two companies he's been quite critical of. >> we're talking about boeing and lockheed marting, they're meeting with donald trump at mar alago, comie ining after two stg tweets. >>> and then this following tweet. january 20th the day of his inauguration. no indication of how long they've been meeting. guys, my sense, from talking with marillyn hewson and -- both of pragmatic ceos but there's also the issue of how important these companies are, and in particular boeing. remember, boeing's largest market in terms of where it ships commercial airplanes -- china. that's a huge conc

with us for the hour today joe terranova, jon najarian and kevin o'leary. kevin, i go to you, look at the notes and you say the trump rally will not continue. why not? >> everything is fully valued. this is about optimism. it's an animal spirit. there's no earnings changes whatsoever. i would argue the stocks including facebook are starting to show cracks because it's just an advertising platform and the election is over. there's all kinds of problems. >> those stocks haven't even participated since the election. why are you zeroing in on them? >> i'm pointing out that at the end of the day all of this month, or november, was spectacular, was based on a premise that everything has changed overnight and will be wonderful in 2017, all the regulations are gone, interest rates are better for banks, oil is going to stay at $50 and above. that's a load of poo-poo. that's not going to happen. >> if you could have said whatever you want to say, this is cable. others said it. i'll goad you into that. you want to go? >> there's definitely pockets of strength and i'm s

kevin o'leary, e it tf chairman. thanks for being patient.onathan, thanks for your patience as well. let's talk about what we just heard from carl icahn specifically about the market and where it is right now as excited as he is about a trump administration and what it will mean for the market over the long term maybe concerned. >> he's underscoring what all of us are talking, that the market is due probably for a little bit after correction. i don't think any of us would be surprised by that. when you look at the policy initiatives should be favorable for the market. >> what about the notion that people are not selling because of expected tax policy? >> exactly. >> i wonder if that penalties it up then into next year and causes a larger sell-off down the road. >> if it's selling off, it would ak sccelerate the sell-off into next year, judge. >> it will pull back at some point, no? >> at some point it will. carl is a smart guy and makes longer term investments. he's not the fast money that we are meaning he can buy netflix at $55. he can buy

. >> i have kevin o'leary on the phone with us as well, and he is actually joining us today from genevakevin, interesting to talk to you today. certainly on what's ahead later this afternoon. we're watching the market creep towards 20,000. you've heard from former president fisher here. what are your thoughts? >> i come here this time of year to try and understand what's going to happen with sovereign money. geneva and zurich manages billions, hundreds of billions of sovereign capital, and most of it's not in the u.s. anymore. ever since the troubles of the florida attorney's general against ubs, they've shunned our money, and they're now servicing the gulf and asian and chinese capital by the hundreds of billions. they don't publically search. they don't talk to many people. over the years i've got to know a few of them in both zurich and geneva, and if i plied them with enough -- they tell me the two things i want to know. one is what are the allocations going to be for 2017 in sector and geography because they can invest anywhere, and they also play currency. we like to think of the

. >>> shark tank's kevin o'leary will speak of whether he sees it taking off in 2017.till to come. yourupporteam yourupporteam r waing me throu my fst options tra. nly doeverne gary. yourupporteam r waing me throu well, feeltty smart.ons tra. wellwe're all about educatin peopwell, don't woes. won't t th accomplisent go tea m ill the old gar it, yofo ur fncdictnary. , mucho grias. it, yofo ur fncdictnary. gelpoptiontradinwith at tdmetre. thers a nture adhesivehat just one applicati ges u superiorold holds rong until evening. ev ae enheay eran eress opecardca help youake on aew j, takeatev com nt. can help prepare you fogrowt .com. why pause aspontanemoment? al for d u tres ed and the urinary mptomsf h. tell your doctor t your medes, ke nrates for cht in, hethy ghorex. do n n take cu ordempas® forpulmary pertenn as this macae unsaf dropd esre. do not drinkoln cess. to aidg-termnjy, get mecal help right awar an g than rs. if or an rg rctn,n drease d get cal lp right awan, >>> keeping an eye on markets dow down 63 points but we had big sell orders on the bell. >> sounds li

with us for the hour today joe terranova, jon najarian and kevin o'leary. to you, look at the notes and you say the trump rally will not continue. why not? >> everything is fully valued. this is about optimism. it's an animal spirit. there's no earnings changes whatsoever. i would argue the stocks including facebook are starting to show cracks because i

also with us kevin o'leary, etf chairman. let's begin with the sign.ne market watcher says could lead to big gains for the s&p in 2017. jonathan of mkm partners joins us now on the phone. jonathan, welcome back. >> thanks

with us today from toronto is kevin o'leary. he is the o shares etf chairman.alk about this, jo. you've got money sloshing around. you've got the paper today wall

difference there for the year here. 2,000 etfs and we're getting another one even today, here's kevin o'leary'sares small cap launching today adding to the list. we'll get a lot more in 2017. finally, for everybody reading 2017 predictions just remember how wrong all the predictions have been on the biggest consensus stories of the year. remember the january, february stock plunge, recession coming, wrong, wrong on brexit, wrong on the election. those of us who write these should be a lot more humble, those who read it, should be a lot more cautious. guys, back to you. >> all right, bob, thank you. >> bob, thanks very much. it's been an exciting year for m&a. we'll bring you the top deals and mergers to watch out for in the new year. and then later former u.s. ambassador to russia alexander will join us as president obama issues sanctions on that country. the infamomo traitor. and i know a thiwo about t. so traith e*trade,whertrue a on araderked traplform that a. geoff e uter traitor! i n' (cannon soun bity is veimpoe. that's i e ade mobile onllmo deves,so it s my mobe stl d eey hen'mon t move.

. >> adam sandler, kevin o'leary, that's great. i'm proud to be in that company.arc is the hero. >> very nice to meet you. enjoy your day at cnbc. enjoy your day with marcus. thanks, everybody. >> closing bell starts now. >> hi, everybody and welcome to closing bell, i'm kelly evans at stock exchange. >> welcome back. i'm thought you weren't coming back. >> i'm here, reporting for duty. >> i'm bill griffeth. dow lost steam. another record closing. we have one market bear who is turning bullish. what's behind his change of heart? we'll find out in just a moment there. >> trump talking tough on china. president-elect shaking up chinese diplomacy with a series of tweets and phone