>> linda ronstadt. >> no, not linda ronstadt! i don't know! >> how about this -- give me another clue! 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 to "fast money." a number of names hitting new highs. we sit down with goldman sachs chief strategist officer, stephen scherr at the goldman sachs conference here in new york city. wilfred. >> melissa, thanks very much, indeed. as you say, joined by stephen scherr, chief strategy officer and relatively newly appointed ceo of goldman sachs banks usa. thanks for joining us. >> thanks for having me. >> so bank stocks soaring. the attendance today at your company's own banks conference up 30% on last year. the mood very positive, indeed. is wall street back, and back with a bang? >> well, i think wall street is back. certainly the banks are back

>> after playing backup for linda ronstadt frey convinced henley to form a band of their own. ? on a dark desert highway ? ? cool wind in my hair ? >> "hotel california"'s such a classic. i have no clue what it means but i like it. days. >> don, stop it. you know what it means. you wrote it. >> some idea. >> can you just give me two sentences what the hell it means? >> not in two sentences, no. >> okay. three. ? there she stood in the doorway ? ? i heard the mission bell ? >> i always say it's a journey from innocence o'experience. ? this could be heaven or this could be hell ? and it's not really about california. it's about america. it's about the dark underbelly it's about excess. it's about narcissism. it's about the music business. it's about a lot of different things. you can have a million interpretations. ? welcome to the hotel california ? >> i'll just do a speed dial about the numbers and you just tell me what comes to you when i name them. bernie. >> bernie. really great musicianship. limit ? >> randy meisner. >> very sensitive guy. very talented. a farm boy like me.

jackson brown, j.d., linda ronstadt, joanie mitchell, james taylor.>> is it difficult to reveal it constantly to so many people. why do you do this? >> i feel an obligation to people and to myself to share myself maybe as honestly as i can. ♪ i left my folk and friends with the aim to clear my mind out ♪ ♪ well i hit the rowdy road and many kinds i met there many stories told all the ways to get there ♪ ♪ ooh ♪ so on and on i go ♪ the seconds tick the time out ♪ ♪ there's so much left to know when i'm on the road to find out ♪ ♪ >> everyone was just trying to do whatever came into their head. >> in the early days paul and i we wanted to be the group from england. they were very big those days. >> we had no idea who the people were, the mysterious mr. king was. wrote the songs, chains the beatles did, i'm into something good. which was part of the british invasion. we did discover this remarkable woman, carole king. >> carole king made the transition from being behind the scenes woman to a star in her own right. ♪ i feel the earth move under my feet i

. ♪ >> after playing backup to linda ronstadt, fry convinced henley.ed of -- >> i didn't -- >> yeah, you did. >> no i didn't. i would get -- shampoo. i just had curly hair. ♪ on a dark deserted highway wind in my hair ♪ >> "hotel california" is such a classic but i like it. >> yeah, me neither. radio was different in those days. >> don, stop, you don't know what it means. >> i have some idea. >> can you give me two sentences what the hell it means? >> not in two sentences, no. >> okay, three. ♪ as she stood in the doorway heard the mission bells ♪ >> i always from innocence to experience. ♪ this could be heaven and this could be hell ♪ . >> it's not really about california. it's about america. it's about the dark underbelly of the american dream. it's about excess. it's about narcissism. it's about the music business. you can make your own interpretation. ♪ welcome to the hotel california ♪ . >> i'll just do a speed dial about the memories, you just tell me what comes to you name them. >> okay. >> sonny. >> a really good musician. a guy who didn't like

. >> reporter: after playing backup for linda ronstadt, frey convinced henley to form a band on their home. ? on a dark desert highway true wind in my hair ? >> reporter: "hotel kachcalifor is a classic and i have no idea what it means. >> me either but radio was you don't know what it means? you wrote it. >> i have some idea. >> reporter: could you give me two sentences what the hell it means? >> not two sentences. >> reporter: okay, three. ? there she stood in the doorway i heard the mission bell ? >> reporter: i it's a journey from innocence to experience. ? this could be heaven or this could be hell ? >> it's about the dark of the american dream. it's about excess. it's about nars sgnar sichl. >> you tell me what comes to you when i name them. bernie. >> bernie. really great. really great musicianship. a guy who did not like fame at all. >> reporter: randy misner. >> very sensitive guy. very talented. a farm boy like me. he was the only guy who could sing that high. >> reporter: don felter? >> incredible guitar player. ? one of the best in the business. ? >> reporter: joe walsh. >

. ♪ >> after playing backup to linda ronstadt, frey convinced henley. to form a band of their own. year. ♪ take it easy >> reporter: interesting hairdos back then. >> yeah. >> reporter: did you get tired of perming your hair? >> i didn't perm my hair. >> yeah, you did. >> no i didn't. >> reporter: go ahead. tell me. what did you use? it was like an afro. >> i would get -- shampoo. i just had curly hair. ♪ on a dark desert highway wind in my hair ♪ >> "hotel california" is such a classic. have no idea what it means but i like it. >> yeah, me neither. radio was different in those days. >> reporter: don, stop! you don't know what it means? >> i have some idea. >> can you give me two sentences what the hell it means? >> not in two sentences, no. >> okay, three. ♪ as she stood in the doorway heard the mission bells ♪ >> i always say it's a journey from innocence to experience. ♪ this could be heaven and this could be hell ♪ >> it's not really about california. it's about america. it's about the dark underbelly of the american dream. it's about excess. it's about narcissism. it's about t