sfg alternatives, who is bearish on this market, and matt shapiro, president of mws capital, who is a raging bull. matt, you believe investors are not bullish enough. why? > > they are not, because we have a housing recovery and some of the best economic fundamentals we have had in quite a while notwithstanding the fiscal cliff slowdown in gdp that we found out about yesterday. however, if the market returns to its historical median valuation, we can go 10-15% higher from here, and i think the market is going to extend higher to a new level, and investors who don't invest long-term are going to regret not participating in this move. > larry, will they be sorry? what are your concerns about the market? > > i don't think at all. it is true that markets have a way of moving long before the math and the headlines say so, but right now the growth metrics have to revive themselves. something that we are seeing in china, but we are not seeing in europe and the u.s. we have made a nice run. it is time for a breather. i see a 5% correction in the cards very soon. > matt, at some point, won't m

long-term though, i am in avoiding this entire sector. > matt shapiro, president of mws capital. thanks matt. > > you got it. that wraps up our busy morning. coming up tomorrow, reaction to facebook's new mystery product and thoughts on stock. from all of us at first business, have an enjoyable day!

that's matt shapiro, president of mws capital. have a good day matt. time for us to close shop...w --test drive tips. how to navigate your way to a great deal on a car. from all of us at first business-- thank you for watching today!

first let's say good morning to matt shapiro, president of mws capital, to get his predictions for 2013. always nice to see you smiling on our show. > > thanks a lot. my predictions are going to get your viewers smiling even more, because i don't think anyone really believes- we've had a good year in 2012, but i think we're going to do even better in 2013, and my predictions: 1700 on the s&p 500 and over 15,000 on the dow. do you believe it? but you heard it here first. > anything is possible. tell us what you are basing that upon. > > first of all, the economic news is the best we have had in years angie. employment is coming back, housing is doing well, corporations are doing well, and, you know, once we get through the fiscal cliff stuff, i think it is going to make people finally make the transactions, get hiring and investing, and make a good story already even better. realize in 2012, many indexes went up about 15%. so don't you think we could rip off a 20% year? and even if we get close to that, we are going to hit new highs in the s&p 500 and the dow. > something that is always