stuart: we hear that, larry levin. thanks very much indeed.'s wednesday morning, we're up 6 points, however, i've got to tell you that ibm is dragging the dow -- welsh the dow is up 17 points now, but ibm is way down and that's taking points off the dow. nicole, how bad is it? >> down 4%, down 7 1/2 dollars. so 181.82. and the numbers missed and they're worried about possibly lenovo and the deal and whether it's going to go through and now that we have the dow jones industrials down. stuart: we now have the dow down 14 points and i believe that ibm is drag the dow down 50 points in total. nicole: 50 points? see, that was the whole discussion we had yesterday about the dow, it's a weighted index and sometimes you see the other markets jumping and with the dow in this case, obviously, that's huge. stuart: give me apple. i know that goldman sachs just upgraded them. where are they? >> and that's a winner. the buy rating, up .3%, not a big move for an upgrade. stuart: a buck on a $500 stock is not a big move. you've got that right. united technolo

we're close to the opening bell so larry levin come back in again.ns in 2013, people have been asking this morning, we are going to do it again in 2014? and i say, no, highly unlikely. and you say what? >> well, i would agree, won't see 20, 25% gain in the stock index, but i think it will start off that way and first month or two off to a good start and then we'll wait and see what the tapering really does. and because if money is harder to get, then certainly the stocks are going to go down at least in the second part of the first half of the year. so i would really watch for that. we get interest rates to rally then i'll totally agree we will not get the information. >> larry, i can tell that a the snowstorm kept a lot of people from the exchange. normally at 9:30 we get the roar when the trading session begins. right now it's quiet. all right, larry, good luck today. see you later. >> take care. >> now, we are down 34 points in the very-- 47 points in the very early going this first full trading session of the year 2014. now, we're down 47. but we

we will take you from new york cme, larry levin from trading advantage. how are you setting up?o many down days lately, and we are already off to a down start. i think we will see more of the same. the volume will pick up. i do not think the downward move is over. you will see more profit-taking. the volume follow-through with what we saw as far as the move is concerned. >> larry, thank you. we want to bring you the numbers. 1.7%, this is lower. the same story we saw with chrysler. lower than estimates for a rise of 4.3%. matt miller has more context. >>'s once again we see a -- once again we see a miss. we saw the same thing earlier with chrysler that came out with a number that was almost 6% 8%wth, but lower than the growth we were looking for. you will see superlatives like best sales year since 2007. chrysler had 45 months of sales gains in a row. for ford, you will also see a number of superlatives, especially in the case of market share because ford has done so ion versusthat fus toyota and the honda accord. they have also done well with keeping their price up. , and we ar

we're a minute from the opening bell, joining us from frigid chicago, it's larry levin. week, is this the start of the correction? i think you said, yes, it might well be. so, are you being confirmed here? yes, it's the start of the 10% drop, do you think? >> yeah, i think, you know, whether 10% or not. i think 3 to 5% is a minimum, maybe more from there. normal, what we want. the government stepping out of the way and they're starting to rise and equities going down. and it's normal trading and it's the kind of trading and your viewers and people standing behind you, and the markets are moving around. and with that being said, there's good action here, i think correction, it could well be on our way. >> most people want a correction so they can buy on the dip, john layfield, you're in bermuda, thank you very much. the opening bell is ringing and we're going to be down quite a few points at the bell here. john come into the conversation about a correction. a correction is 10% down, are we getting anywhere close to that kind of down side move? >> i agree with larry, i'm n

here is larry levin coming from chicago. i'm fit to be tied. i don't get it. i don't get it! the whole world prints up a ton of money we would get inflation. now we're told that the market here is going to go down because of deflation in europe. you want to sort this out for me? >> well, i don't know if i can sort it out exactly, stuart, but i'll say this, the deflation situation is extremely bad. they're looking for 2% inflation and they've got is.08 number there. the not close to what they're expecting or looking for there. the markets have taken a hit because of that. because of the situation with the fed. a whole bunch of stuff, you know, kind of tied together and we're going to be 15 points lower on the s&p, and we've been lower quite bit the last few days and more downdraft and selling here. stuart: larry, thank you very much indeed. i'm going to turn to liz macdonald. >> joblessness, 12% jobless rate in the euro zone. people are out of work and 10% of the s&p 500 revenue comes from the euro zone, ge, mcdonald's, coca-cola. stuart: we've known for a long time that europ

author hillel levin interviewed larry hall. >> it was a very cluttered household.ey were raised with dysfunction. >> neighbors say their mother was domineering. their father drank and sometimes turned violent. he worked at the local cemetery. what was it like growing up next to a cemetery? was it creepy? >> no, not at all. >> no, not at all. not for me. you know, at 12 years of age, larry and i started working at the cemetery. >> as he grew older, larry had problems fitting in at school. >> he was always the backward twin. i was the more dominant outgoing twin. he hung out with what my wife and i and a lot of fellow classmates called the misfits or the stinky crowd. >> still, the boys were best friends. and as young men, gary and larry developed an unusual new hobby as civil war re-enactors. >> met a lot of new friends during that time period and i was able to travel around and meet them at the battlefields either on tours and stuff. it was a lot of fun. >> larry was hooked. even growing mutton chops from his hairline to his jowl. though the re-enactments helped la

author hillel levin interviewed larry hall. >> it was a very cluttered household. they were raised with dysfunction. >> neighbors say their mother was domineering. their father drank and sometimes turned violent. he worked at the local cemetery. what was it like growing up next to a cemetery? was it creepy? >> no, not at all. not for me. you know, at 12 years of age, larry and i started working at the cemetery. >> as he grew older, larry had problems fitting in at school. >> he was always the backward twin. i was the more dominant outgoing twin. he hung out with what my wife and i and a lot of fellow classmates called the misfits or the stinky crowd. >> still, the boys were best friends. and as young men, gary and larry developed an unusual new hobby as civil war re-enactors. >> met a lot of new friends during that time period and i was able to travel around and meet them at the battlefields either on tours and stuff. it was a lot of fun. >> larry was hooked. even growing mutton chops from his hairline to his jowl. though the re-enactments helped larry make friends