peter anderson, again, your thoughts, briefly, on the bank of america news. you know, the financial institutions, those reports are the ones we clearly have been watching most closely this earnings season, haven't we? >> yes, we have. and i think what's happened is the market has kind of gotten ahead of itself, because we have all baked in very optimistic expectations for the first quarter. what we're actually seeing are adjustments. and remember, next week, 170 stocks in the s&p 500 are going to be reporting their earnings, so i would suggest staying on the sidelines until those earnings are reported, because i'm expecting to see a lot of downward revisions for the rest of the year. then that might be a buying opportunity, after that wave of reports comes out. >> rick santelli, as we have seen money coming out of stocks, they have been going into treasuries, pushing interest rates even lower. what message are we getting from treasuries? do you agree with michael that this is about deflation fears? >> i don't believe it's about deflation fears. i think commod

anderson. >> mohammad, we're going to have to jump away from you. we have developing news here on the boston bombing investigation. representative peter new york joins us now on the phone. congressman king, appreciate you being with us. we understand you have information that boston bombing suspects were perhaps planning something in times square. what do you know? >> yeah. i've been talking to police officials who were told that in addition to the remarks -- the general remarks that the terrorist made in the contact about a party in new york, later on in interrogation they made references to times square which police are interpreting is indicating either possible or very likely attack on times square, times square was the second phase of the attacks. now, this has been told to me by, again, police officials who have been told what happened during the interrogation, what was said during the interrogation. and that's the latest i know. i've been told by several high ranking police officials. >> i just want to be absolutely clear, is this a theory by the police that by referencing times square -- i mean, was there a specific reference t

peter, i appreciate you joining us. what are the questions that you are most interested in learning about these two, in particular about motivation and their operational capability? >> well, first of all, anderson, i think it's very interesting that they were able to detonate two bombs almost simultaneously. i think that's pretty hard. it suggests either practice in the united states or training elsewhere or perhaps both. we've had terrorists who have gone overseas who have tried to detonate bombs in the united states, for instance the times square bomber, shahzad. he was trained and wasn't -- he drive his suv into times square, detonated a bomb. it didn't work. even with training, sometimes people don't get it right. and i think the idea that these people simply read a recipe on the internet and built two very successful bombs doesn't -- it's very unlikely. so that's a first question. the other question is, the -- the kind of question that president obama raised in the briefing which is, you know, how do they become radicalized in the united states. we've seen it with the case of major nadal hasan in ft. hood, texas. he had a complexion to that. obviously these guys on the internet, what they