that's why we're going with larry williams, a legendary market historian, a top expert in this base. written over a dozen books and created a ton of technical indicators. many were named after him. more importantly, he's the guy that warned us that august and the bulk of september would be awesome. great call. he predicted the stocks to bottom in late september with a rebound coming in september. that's exactly what we have seen so far. nice call. don't forget. we just made brilliant bullish calls when everybody else was feeling extremely bearish. he got it right in 2020 when everybody was convinced under the weight of lockdowns. now that stocks started rebounding in october, kind of what he said, just as he predicted, what comes next? okay. larry is always looking for cycles that seem to repeat themselves over and over in the market. that's how he knew september would get ugly. it is what we told him would rebound in october. this is incredible. take a look at the chart with the most dominant cycle he spotted going back to early last year. the dow followed the direction of the cycle.

larry: william la juenese, you are right, i will maintain as someone that worked on sanctions under prior president trump, i would maintain that the bidens a to blame for not enforcing the sanctions, william, thank you very much we appreciate it, 100%. larry: folks now, national point, someone has to tell me what is difference between a cease fire and a humanitarian pause? secretary of state antony blinken, at the senate hearing this morning. listen to what he said. >> when it comes to a ceasefire in this moment, you are right, that would consolidate what hamas has been able to do. and allowing it to remain where it is. and potentially repeat what it did another day. and that is not tolerable. we believe that we have to consider things like humanitarian pauses to make sure assistance to get to those who need it and people can be protected and get out of harm's way. larry: all right, i heard that, i remain confused. sorry. no ceasefire. but a humanitarian pause is okay? now, here is the oxford discretionary definition -- dictionary definition, a temporary suspendtion of fighting, today, jo

larry: william la jeunesse, you're exactly the right the way you said it.t is through the sales of these things, whether it's oil or drones to russia or electricity and gas to iraq. you know you're quite right but you know i will maintain as somebody who worked on the sanctions under the prior trump administration i would maintain that the bidens are to blame for not enforcing the sanctions. anyway, william la jeunesse, i always get that right, thank you very much. we appreciate it 100%. >> reporter: you're welcome. larry: all right folks now an additional point i want to make, somebody has to tell me what is the difference between a cease-fire and a humanitarian pause? simple question. look it, here is secretary of state antony blinken at the senate hearing this morning. take a listen to what he said. >> when it comes to a cease-fire in this moment you're exactly right that would simply consolidate what hamas has been able to do and allow it to remain where it is and potentially repeat what it did another day and that's not tolerable. no nation would toler

. >> some of the stuff that larry williams says i really like. now emails. trying to build a position in a company, not owning as much as desired, how do you balance making profits and taking a position. you put a small position, jumps up, just sell it, you missed it. you'll get the next one. otherwise you build on the way down, pyramid style to have a better base, improve the bisis, provided the thesis is still right. that's what matters. >> just because it's smaller position doesn't mean break discipline and be greedy if it's had a huge run and looks overextended. but we don't want to chase stocks earring and just because it's small start buying because you think it will go higher. discipline, it always comes down to. >> i hate having to wait and build the pyramid. it doesn't matter, this is not emotions but empirical analysis. it works. chris in illinois asks how do you address the weighting of different sectors. s&p, market weighting, sector weightings, macro trends, et cetera. the club is different, we look for good companies and don't care about the se

that april, legendary market historian larry williams gave us the all clear.ther countries and realized we'd mostly be out of lockdown by mid-may. he told you to buy into the teeth of the panic. >> buy, buy, buy! >> not flee with the panicers. sure enough, new highs again by summer. and once the vaccines came along, the market never looked back. [ bell ringing ]. >> the next time there is a big market wide sell-off and you feel like fleeing and never touching a stock again, i want you do something for me. i want you to take the opposite side of your own trade. the most rewarding trades you can make are those where the decks have been cleared out by terrified folks using market orders who don't just get that the exit doors aren't as big as they think they are. mind you, i am absolutely not saying every stock that gets hit with a panic sell is worth buying for the long-term. oftentimes people freak out with good reason. i am saying after a big decline, you usually get some kind of bounce, which gives you a better moment to sell if that's what you want to do. eve

>> we'll talk about how larry williams is saying look out, this is a big move up.day's action? >> yeah. >> david. do you think they should have cardboard or rice cakes in terms of taste? >> you can't tell the difference. >> you can put -- cardboard it doesn't go through it. >> true. >> it won't kill you? >> living in the car. >> i ate jack daniels. it's filled with vitamins. >> grains. >> "mad money" tonight at 6:00 p.m. eastern time. watching the markets on the heels of the weekend. back above 4300. don't go anywhere. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> good monday morning. welcome to another hour of "squawk on the street." i'm carl quintanilla with david faber and leslie picker live at post nine of the new york stock exchange. sara eisen has the morning off. stoox trying to digest the attack on israel without the help of the bond market closed for the holiday as we get set for a crowded calendar. fe

lot of technicians saying you might look at the july highs or at least -- >> larry williams, high regardse foremost market historian, is saying that the seasonals here, including november, could be extraordinary. and the pessimism, obviously, is high. but david, we know this. 28% of this market with megacaps, and the megacaps could have great quarters. >> they could. >> i could break them down. >> but you think they're going to be very strong. >> yeah, i think amazon is going to be strong. i think meta is going to have an insanely good quarter. >> is there any underlying reason or are these all four separate and distinct reasons? >> tremendous balance sheets, really good growth, acceleration because of a.i. a.i. being so meaningful that i had carmax on yesterday and they told you that they can pivot really good people to more important tasks because they are able to free them from less important tasks because they can be done by generative a.i. this is -- i hear this every day from companies. it's not dross. >> this is the early days of applications for it. you're hearing it now, and i ha

william. good stuff. larry kudlow's with us this morning. straightforward, direct question, larry, if i may.e willing to the take the heat from the destruction of gaza? >> well, look, yes. my short answer is, yes. my second answer is it's not going to be the up to biden, because as you heard prime minister netanyahu yesterday and you read his op-ed in the "wall street journal" today, israel has no intentions of engaging in any ceasefire. this idea of a humanitarian pause which the bidens have floated become -- ambiguously is an absolute nonstarter. i mean, i don't think they're going to put the hand can haves on -- handcuffs on israel because they can't, okay? but i think they've been very ambiguous. and i think william's report just prior to is so important. because one of the things the bidens in their, they have not enforced the sanctions. okay? they have appeased iran from day one. and that makes them complicit. actually with, those numbers are even bigger. oil sales to china plus other foreign exchange reserves, that includes drone sales to russia and so forth, you could with running up