patty edwards. good to see you. you've been bearish for a while. are you changing your stance at all? >> no. when i've been bearish, i've been bearish on the market overall. i still have been long individual equities. i really think this is a stock picker's market at this point. if you're going to make money to the upside, and this market has gone up further than i thought it would, you've got to be long in some cases. and then like i said, i like to be short the entire market.t. >> i know you like stocks like philip morris, don't you notice the breakouts going on in the cyclical names we've been seeing? >> yeah. you know, i'm noticing them, but i'm also looking at the underlying economy and realizing at least from my point of view it just doesn't make sense that things are powering ahead as far as they are when we've got things going on, like the new trade war with china. we have the housing bubble that is by no means done deflating. we have consumer who is still absolutely cash strapped and looking at a holiday season that isn't going to be good.

>> patty edwards, patty's been on this thing for a couple of months and she's been bearish on the markete said, she's been on apple for at least $35. pete's had it called. if you like the tape, you like apple. technology is -- >> just for a second, you want to give your snap to patty and she deserves them, but at the same time, you like apple. you do not like the tape, so therefore you do not like apple? >> the tape scares me. oracle came out yesterday. that was not a good report. that was not a good report. their margins, much better. they're running the business more efficiently, but you can't force people to buy from you and their new software licenses were down. not good. >> patty edwards, you got your shoutout from guy who looks like he's manning the starship enterprise with that hair. >> this is the very -- market. and if you look at the chart on apple, we look like we're in nosebleed territory. i stand by my $200 targets. >> let's talk about general market. as ge rolled over, we did see the markets have resistance. looks like it's heading into resistance here. >> i think it's doin

. >> patty edwards from storehouse partners. as we close out on a mild september the traders looking through their crystal ball with a money manager, does he see a storm ahead? biotech has investors screaming takeover. do you believe the hype? >>> things are worsening as we approach the close. dow industrials down 31 points. >>> china tries to diversify away from the dollar. and treasuries up next. we tell you how that could impact the u.s. >> the third quarter comes to a close tomorrow. what will lead in the fourth quarter? we'll check it out 4:00 p.m. eastern. and you get to choose any car in the aisle. choose any car? you cannot be serious! okay. seriously, you choose. go national. go like a pro. a heart attack at 53. i had felt fine. but turns out... my cholesterol and other risk factors... increased my chance of a heart attack. i should've done something. now, i trust my heart to lipitor. when diet and exercise are not enough, adding lipitor may help. unlike some other cholesterol lowering medications, lipitor is fda approv

maybe that is because, patty edwards, because the president's speech was con toush.assive will be done. >> i think we're also seeing a bit of a beta play. i think people are actually looking to take on more risk and if you're looking for risk, you can go into those names and get some upside as long as the gridlock remains. once it's gone, i think you're looking to the downside. >> let's talk about the group weighing on this market. that is financials. moody's saying they anticipate losses for a large number of banks. with all do respect, they got it wrong a number of times. meredith whitney is still concerned about the banks, but still in favor of goldman stox. they're trading higher today. brian kelly, is there opportunity for people still looking around goldman, but seeing it higher by 1.7% today? >> one, you've got to be very nimble at this point in time. we've had good run off the bottom, but you can be bullish on financials as long as you have this curve. but if that goes away, then you can have some real problems in the financial sector and particularly if unem

edwards air force base in california at 8:53 eastern time. glenn beck returns in a moment but first bret baier previews "special report." hi, patti ann.ht years after the planes hit the world trade center, has the fight against al qaeda changeed? are democrats close to going it alone on healthcare reform? join me at the top of the hour for "special report." now back to glenn. glenn: america, i have to tell you, i have great hope, because i think i know the next step. you know, the first step i told you six months ago was to unite, to let people know you're not alone. reach out to others and find them. as a next step, i'm going to share with you from tomorrow from 1:00 to 3:00 and we're just going to hammer it for the next few, because i know the solution. i really feel i know the solution, but it's going to require you stepping outside of your comfort zone yet again. i think you're there. i really do. i mean, how do you explain what you saw last night, what you haven't seen in newspapers today, and what you're about to see now? i have been speechless for a while now on what's going on in this country, but i am even more speechless on