. >> no, mike santelli. >> rick and mike santelli, we might get both. >> actually, rick is coming on at 8:30. mike santelli is joining us at 7:00. >> that's mott mike santelli. >> no. >> i hung out with him until 3:00 a.m. in the morning over t cnbc party. >> at the party, right? >> you're suggesting -- >> no, i'm not suggesting -- not that there would be anything wrong with that, anyway, although you're both married. he's still married, right? >> i'm still married. >> so am i. >> we may look at men's lingerie a little later. i don't know if you saw the australian company for men that always wanted to wear a teddy but never did, now they make them in our sizes apparently. >> if you -- >> i'm going to drudge report now to look this up the. >> dallas man and his wife having a pillow fight and both of them in really cute lingerie. >> i think you're making this up. it's not on here. >> i know. i know you would think that. men's lingerie, center. unless drudge got fooled and they took it down. i actually asked if they got fooled. >> i think this was in your dreams last night. >> maybe i d

mike santelli, is this the correction? murder situation and the gold thing open the door to the long-awaited correction? >> i actually don't think those two things would be the decisive things that would open that door, actually. i think we may have to be on alert for some kind of a correction. mostly because of we had a when i have of some kind of deflationary stuff going on yesterday. i don't think that's a big thing in the future. but i think we are at the point in the year when we have the same year-to-date gain the past couple years and you had a softening up -- >> what kind of deflationary stuff? >> cpi today was light and yesterday, the movements in the asset markets. by the way, i think it made sense that the market regained today, simply because after yesterday's kind of liquiddation type activity, you didn't see whales wash up on the beach, it didn't seem like anybody was trapped, didn't seem like anything bigger than it was. and i happen to agree gold losing value is not in itself something to worry about. >> i

we welcome back jean pirone from advisers asset management, mike ryan from ubs, cnbc contributor, ron insana, and our own rick santelli. welcome to all of you, gentleman. my old friend, jean pirone. everybody's waiting for this correction to hit the market. you have an interesting take. you believe we've been going through a correction, just not all at once, right? >> that's right, bill. the sectors have been rotating through consolidation here for several weeks and maybe even more. when you look at the small cap index, that's been correcting now for the last couple of weeks, midcap index, correcting over the last week or so. so the market, in this particular cycle, has done a good job of policing excesses on an ongoing basis, especially with this sector rotational basis. so i'm not saying that's going to suspend or can't stop the possibility of some downside, but i think the correction will be more garden variety, 3% to 5%. >> so it seems like most people are expecting that 3 to 5% sell-off. >> or maybe more. >> but many look for a buy on the dip mentality. mike ryan, how do you see it? >> we're still constructive on

let's talk about it into "closing bell's" exchange with mike thompson from s&p capital iq is with us here at the big board and our own rick santelli is with us here. we've talked a lot about this wall of worry that continues to be a headwind for the stock market. you guys, though, say, a little worry is good for the market, right? >> i think it is. because it keeps people a little bit more grounded. investors know, you know, just yesterday, i think, you know, that could qualify as a shock. and i think people are getting more and more accepting of the fact that these things come, you can't see them coming, and it keeps people, you know, keeps them a little bit defensive. you know, what is the stock market? the stock market is a place where you're betting on the future economic prosperity of the country and the world, perhaps. but i think it's not a bad thing. and like they say, they say for a reason, bull markets climb a wall of worry. >> that's certainly what's happening. i want to get to you on earnings in a bit. because i know that the performance has been better than people thought. but let me kick it off on you in terms of inv

mike both at 175. jonathan is expecting 190. and joining us right now for our bookends of predictions, rick santelli and steve liesman. >> rick andn the edge, you're taking up too much space. i'm at 210. rick is at 153. a lot of the weakness is really a late march/april idea. >> april is one of the things -- >> except adp. and the claims numbers were way down in the week of our survey. >> yesterday's number doesn't matter. >> i used to forecast in a certain proximity. that hasn't worked for three or four years, mark. >> you threw your own the window. >> i would have said 200, like the consensus. >> what are you thinking that the market -- >> if we get a decent number, 200 or plus, the market write off some of the weakness or not? >> my guess is 151. japanese government bonds will dominate all the markets today. they traded from in the 50s down into the low 30s in terms of yield. then up to 65 basis points. then they virtually closed unchanged on the week at 53. circuit breakers kicking in for volatility. i think that is going to define some of the markets. but yeah i think 151,000 on jobs. i just want to see how many more people