in today's "closing bell" exchange, we have michael, lee munson from portfolio asset management, and own rick santelli. good to see everybody. peter, what do you see in this final hour here in terms of flow? how do you think this market goes? >> for the close, i'm still seeing it for sale, but i don't think that's going to mean anything as we move forward. i'm still trying to wrap my arms around the wheat grass sandwich i had to lunch as opposed to that last segment. >> the bacon taco. >> no, i think that it's very possible. i don't think there's that much, really, it won't take that much for the market to close higher. we'll wait and see. i haven't seen anything that tells me that it's going to. >> michael guy ed, we discussed that you had went back to bonds. >> friday, there was enough deterioration to push our stocks back to bonds. it's not the walking dead stock market, it's the honey badger stock market. the stock market don't give a you know what about cyprus. now, the bond market clearly is still concerned here. and i think there is a fear trade that's happening. you still hav

. >> in today's "closing bell" exchange, we talk with gordon schwab, lee munson from portfolio asset management, rob morgan from fulcrum securities, and we're adding our own rick santelli to the mixture as well. my friend, gordon, a lot of complicated things going on here before the close. we've got rebalancing, a lot of stuff. do you think we'll close above the all-time high in the s&p and will that be significant? >> yeah, bill, i'm pretty confident we're going to close. look, it's the last day of a quarter, last day of a month. there's no reason for them to sell them off here. if anything, they'll mark them higher going into the bell. but it's going to be a major liquidity event here. we're already seeing numbers starting to expand here. so we're getting set up here for a pretty exciting close and it will be higher. >> i'm hearing there's a lot of inventory to sell, but then you've got those who might do the old window dressing and want to buy into the close as well, right? >> yeah, we see a lot of that. and one of the things that seems is to have happened around here, as these li

we have scott from granite investment advisors chief investment advisor, lee munson, portfolio llc foundernd chief investment officer. we have liz claman down at the nyse as well. mike, let me start with you at the cme in chicago. let's start talking about oil. i thought it would drop below $90 a barrel. it is at a low right now. what will happen with oil and why is it so low? >> well, first of all there was a little bit of a misnomer because you had the big 200 day average in crude at 90.38. we did violate that by a couple dimes. you thought you would get the follow through but that didn't happen. that was correlated to the way euro is trading against the dollar. dollar strength not well for the crude and. why is it happening? as you were talking about the industrial metals market out of china. slowdown in manufacturing will relate to consumer demand as consumer demands diminishes anticipating lower demand in oil. david: mike, excuse me for interrupting. we have breaking news on warren buffett shareholder letter. shibani go ahead. >> we'll filing through everything. we have earnings per s