today mike selly is with us from ya finance and randy bateman and peter anderson from congress asset asset management and our own rick santelli. thanks so much for seeing us. thanks for joining us. randy, how are you allocating capital in a market on the doorstep of all-time highs? >> we obviously still like the equity market. you know, there were so many uncertainties coming into this new year, and now a lot of those uncertainties have been wiped away with the budget ceiling and the tax situation that i think gives us a great deal of improvement, but as dandy don used to say when he hosted "monday night live," when it became obvious, he used to sing "turn out the lights, the party is over," and i think that's what's happening now. investors are realizing that the bond market party may be over, and it's time to shift to equities. >> let me ask you again. how are you allocating capital then in. >> we like a lot of sectors in the equity market. we like energy, materials and industrials, and some of the technology names are looking really pretty right now. >> rick, it's a perfect segue

he was just talking about microsoft, well, peter anderson says it is time for companies to get creativeor you to get excited. he's got three of his favorite stock picks. you need to hear about them after the break. stay with us. ♪ estimates for the s&p 500, and ♪ cheryl: here is your fox business market check for you. take a look at the dow transportation average taking off, hitting another record high. it set a new record high, actually, in the last five sessions. this is something to watch, tran. also here's a look at some of the transports hitting new highs today. first in the railroad category, you've got kansas city southern and union pacific; then delta and southwest airlines and finally, fedex hitting a new 52-week high today. coming out, actually, on thursday. all right, let's have a look at the big movers today. sandra smith has more from our data wizard here in the studio. >> reporter: as we show you some of the earnings market today, take note that all three major averages are in the green, you can see we're right near the highs of the session as are some of the companies tha

joining us along with brian is peter anderson of congress asset management and our own steve leisman and rick santelli. you think it's going to be another good year of gains. target on the s&p 1575. defend it. >> well, we do. i'll remind everyone we were at 1420 last year. we base all of our analysis on fundamentals. >> you were off by a point. >> i'm sorry. >> a whole point. >> seriously. >> i'm sorry. but we think the fundamental condition of u.s. stocks remains very strong. if you take a look at the balance sheet strength, earning stability. fourth quarter earnings i think was a surprise to the upside. companies have been conservative of all these great things. no that we're done with this fiscal cliff situation, i think we do have a bit of wind behind our sails. however, we don't think that 2013 will be as strong as 2012 given the fact that so many people were underexposed stocks in 2012. we've had this kind of natural rotation back in. i think 2013 will be positive. >> but are we really done is the question. we've got the debt ceiling debt bait coming. peter, what's your take? >

first, it was glynn peters, he owns the newspaper. then biff andersoncouple others, too. why it seems everybody important in kobe is getting shot. the sheriff's plum gone crazy. did you recognize the man who killed the judge? couldn't mistake him. it was butch cavendish. now, you chose who you're after cavendish? he must be doing these killing in kobe for a very special reason. yeah. but, why? most likely he wanted the murders to look like a local affair. i'm certain, jim, we'll upset his plans if you're not around to accept the blame for the judges death. that old silver mine of ours will be a perfect hideout for you. yes. it would. my cracky, i guess you're right, it would be best if i became scarce around here for a bit. i'll go on with you. that's fine. how's his knee, tonto? leg better now. good. help me put jim on silver's back. (9 the lone ranger, jim and tonto, approached the sight of the secret silver mine. ♪ this is it, tonto. where mine? you don't see it do ya? fooled you just like everybody else. come on. i"ll show you. ♪ here we are, tonto.

anderson, the hills amy parns, msnbc contributor, former chief economic advisor for vice president bide sxen senior fellow at the center of budget and policy priorities, and henry kurtzburg, and joining us is peter alexander from the white house. do we have you there? we do. we had heard during the fiscal cliff/slope debate the president was not prepared to relitigate battles over the debt ceiling. he did not get that as part of the package at the end of the year, but this press conference should leave no doubt in anyone's minds. the president does not want to negotiate over the debt ceiling. >> as he wrapped up his first term, it's obvious the president will look forward to what will define the first several weeks of his several term. it will be thisbacks battle back and forth over the debt ceiling, and he effectively dared congress to let the u.s. default on its debt obligations right now. he said it's up to congress. he put it in their hands. his language specifically saying they will not collect a ransom in exchange for not crashing the american economy. just some of the language that he used today. he was challenged on this as well, obviously, as he has sort of drawn his line in the sand on

peter is on it. >> we're taking your comments, clark says cnn should seize the opportunity of fox's declining ratings. and they are shrinking andersons two hours, and so they rerun him. and they might cut him to one hour. >> rj says he is excited to say anthony boredane's new show. and egor says happy birthday to dylan, but john boehner is probably a better singer than me. we'll have to get him to sing next time. [ laughter ] >> bill: overall everybody's ratings are down but i have read that fox's ratings are particularly down. what does that say? have people had enough? does fox need a shake up as well? >> fox hit a 12-year low for its ratings. i think fox is fine. it's still doing better than the competition. i think one rating of that -- you talked about peaks and valleys, and one valley is not going to kill off fox. i think their demographic is very old, and at a certain point they have to indicator to a younger audience, and how they do that -- judging by demographic trends and the 2012 election, you know, their audience doesn't seem to be growing. it seems to be shrinking. >> bill: right. so this is maybe driving roger ailes i