larry levin is the president of trading advantage. larry, all that euphoria from last week, are you still feeling it this monday morning? > > i wouldn't be surprised to see a little bit of a sell-off this morning. obviously we saw such a big run-up last week, certainly at the end of the last week. so, don't be surprised to see a little bit of a sell-off. but i think you'll find bargain hunters step in there and buy these markets. > > how high can we go? what do you expect for the s&p for example? > > i think if you're looking at the end of the month, 1500 is certainly in play in the s&p. there's an awful lot of traders long, and not a whole lot of reasons to be short if qe3 is going to be extended pretty much indefinitely. > > is this a general lift, or are you seeing some sectors that are looking particularly profitable? how about cyclicals, metals, what are you looking at? > > i'm a big fan of the financials. i've been watching bank stocks for a while, and i think they've helped take the market up with it. so i think that's a situati

stuart: joining the company now from chicago is larry levin. i repeat from chicago. rs strike. larry, i have two questions for you, number one, have you been -- your company, have you been personally affected by the teachers strike at all? >> yeah, we have, and a lot of people i know who are business owners like me, stuart, i have 47 employees so a few of our employees have had their kids with them the last couple of days. they have nothing else to do with them. i guess luckily for my employees i'm okay with that. i'm not alone in this building. i know people in this office who have employees and they are bringing their kids to school. they have nothing else to do with them. stuart: let's get to the money side of things. if ben bernanke does indeed print up some more money, do you think it helps the economy? not the markets, not gold, silver oil stocks, not the markets, the economy? >> no, i don't think it helps the economy. i think it ends up being worse for the economy. it's good for the markets. you are right there. as far as the economy is concerned, the couple of

larry levin has the latest. and the chief income strategist. all three join us now. let's start with larry. i was surprised. i don't know if you were. that there would be more profittaking after yesterday's run up but it did not happen at all today. >> when the market made new lows for the better part of the afternoon slowly selling off some buyers absorbing market, part of the afternoon here and once we made new lows we were four or five, buyers coming in to buy the market cheap. >> is this a signal that we will see the s&p before long? >> i would not be surprised before the end of september. no good surprise to anybody. we get that and buyers stepped in today. dave: how long does the sugar rush last. >> if you look how hedge funds and institutional investors are position they are more defensive and from surveys we have seen they have missed this rally so this on top of 250 fiscal and monetary stimulus to faction by various monetary policy central banks and governments around world including the latest from ben bernanke are compounding this so the stock market is dis

joining us now is larry levin. i was going to ask you about oil and gas. you are in chicago. the chicago's teacher strike, which by the way, the strike and teachers should get a gold star. that was in the "wall street journal" this morning. i want your reaction. >> i guess you get a gold star if you don't get this happened in the first place and kids are in school at the right time and we don't miss any classes and don't deal with this situation. that is when you get the gold star. you do not get the gold star for fixing the strike, you get it for not being in the strike. stuart: you have 43 or 50 employees? >> we have over 40 employees. luckily, we have a few different offices where the kids were able to get in front of computers and do some homework and play games like that. the parents were pretty frustrated. they did not want to ask me if they could bring their children to work, but they really had no choice. stuart: you pay the highest gas price in the nation. >> yes. downtown chicago it is about $4.80 or $4.90 a gallon right now. stuart: i have one last question. why do

stuart: joining the company is larry levine. explain something to me.nke is printing of the storm. mario draghi doing the same in europe and the japanese have joined. why is oil down so much? >> there have been some false rumors over the last few days. we are talking about putting out the reserves. that was never a news story. seemed to reflect what happened after the sell-off. peace of mind selling and institutions came in and started the ball rolling but a couple false rumors excelled the downplay or moved to the downside. stuart: is it possible oil at $91 a barrel that we are in for a global recession? >> a good chance a global recession whether oil is at 91 or 100 is the case and i don't think anybody doubts that but oil is another situation. lack of demand in oil would be another notch on a poor situation. no question about that. stuart: i have oil at $91 a barrel and gold at $7.70 thereabout. looking for real movement and i am sure you are too. you can't make money without movement. correct? >> absolutely. we need volatility. we have seen a little

larry bird played his college ball. that is what attracts me to the carolinas healthcare system and levine cancer institute model. it is not about being in charlotte and having the best care in one area. it is about going to the community, establishing different sites that are accessible -- 15-minute drives as opposed to one-hour drives, and integrating those folks. the faculty is incredible and they care about patient care. we're trying to create a system where you can deliver the best patient care and research. this will be the first of its kind in north carolina. these are clinics in which would get the earliest drugs, research drugs and begin testing them. for many patients, it is their only option. the caller was probably try to find a drug he could take for its cancer. he described how miserable he is in a hotel. i agree. i like being at home. going through cancer is a trying time. you want your family and your pets around do. i would help a similar type prices could occur in indiana. i have not been back in several years. there is a huge effort in the carolinas to deliver the best care and the best about t