i'm short the treasuries and long some gold. >> peter anderson, are you with us? >> yes, i am. >> what's your take on all of this? >> yes. >> do you think the fed begins the taper this month? how would you be allocating capital in the face of that? >> well, you know, i think rising interest rates, maria, if they're done for the right reason, that's a good thing. and i've been a big proponent of the rates raises, because there will be good news. in other words, the economy is growing. we saw the auto numbers that have come out. very, very impressive numbers. i think that's a harbinger of better economic data to come. so i do think the fed will start to taper in this month, later this month. and i don't think that's a bad thing. how to prepare for a portfolio for that is a different story. it depends on why you own bonds in the first place. i would advocate still owning bonds, but owning them till maturity, so you don't care if the principle fluctuates along the way. you're going to own it until it matures and you'll get 100 cents most likely on the dollar. >> rick,

joining us right now in our "closing bell" exchange, peter anderson from congress asset management, our own jeff cox and rick santelli. peter to you first, can this september run continue? it surprised a lot of people. does it keep going? >> it goes to show you there are no real rules in this stock market right now. i do think it can be on a roll. i think the most important thing we've seen today is the verizon debt issuance. i think you can read into that and say the demand for those bonds has been so overwhelming. that gives you a bit of insight into what's happening in terms of interest rates. i'm thinking rates will probably stay the way they are. maybe slightly higher. it has not deterred long-term bond buying. the 30-year bonds on verizon have been tremendously oversubscribed. that tells you volumes about the investor sentiment right now. >> yeah, i think that's a great point, peter. randall, do you agree with that? you certainly see a bit of the demand story when you see so much interest in the verizon deal and equities? >> that's a great point being raised and broader impact hap

exchange," david ellison from the hennessey funds, michael from destination wealth management, peter anderson from congress asset management. welcome, everybody. erin, we've lost all of the gains from last week and the fed's stunning no taper concept. we have no momentum going into earnings reporting season next week. what do you make of all this? >> i think as bob said, we see low volume pullback. we've seen a lot of cash go into money market funds so it looks like cash is just sitting on the sidelines. investors are waiting for that pull back to jump in. with the incredible volatility we've seen in bonds and yields going up 50 basis points, back down 50 basis points. but these levels trading at 50 1/2 times next year's earnings. let's wait. >> what would it take to get that money back? is it a significant pullback? something you would expect to push the money over the edge? erin says it's sitting there in cash or money markets. >> yeah, it's a pullback. i think investors are basically waiting for the markets to dip down. the bias is on the upside. the sentiment is still positive in the unit

anderson. >> and very briefly, peter, the bottom line, any word on how long this guy was allegedly staying athe hotel? >> reporter: according to source that joe johns talked to, he may have been here for at least a couple of weeks, anderson. that's what we know now. we can also definitely say by our justice correspondence evan perez that this is definitely the hotel where alexis was staying. >> all right. a upcom weeks. we appreciate it. all day, we have been getting bits and pieces of information about the shooter aaron alexis. some of it coming from people at the happy bowl restaurant in forth worth where he works as a waiter. some may be able to shed a whole lot more light on it in the the way of motive. christy, aaron alexis was going to be the best man at her wedding. christy, thank you very much for being with us. what was any alexis like? >> he was very, very helpful. he actually helped us as our restaurant was getting on its feet and business was picking up. he would help serve. he would help deliver food. a lot of the customers loved him because he now how to talk. he could talk if t

peter, you know a lot about how these terror groups operate. would you be surprised if this woman, lewthwaite, was among the attackers or part of the planning of this? >> very surprised, anderson. because typically let's start with the fact that these are a bunch of mysoginists who believe that women shouldn't be involved in operations that men are doing. we've seen female suicide attackers carry a bomb. but if what nima is describing where a woman was actually firing automatic weapons and playing a leading role in this operation, that would be i think quite unusual. >> the reports though from eyewitnesses of multiple women. but didn't chechnyan terrorists use women in attacks even in i'm thinking back in sri lanka were there a lot of suicide attacks by women as well? >> that's a good point. there was a huge attack on a theater in moscow where women were amongst the operatives. i haven't seen it with al shabaab, the group that's responsible for the kenya attack. i haven't really seen it with groups that are affiliated with al qaeda. they're happy to send women as suicide bombers. but it's very unusual for them to actually be playing an operational role. now, that doesn't mean

next, peter carlson recalls the capture journalists albert richardson and junius browne by confederate forces at the battle of vicksburg. the reporters were covering the war for the new tribune anderson to multiple confederate prisons over 20 months until the escaped and made their way across the appalachians with the assistance of union sympathizers. this is about 50 minutes. >> thank you, david. thrilled to be at the national archives. to be back your i should say. i've written three books and have researched all of them at the national archives. it's a place of buried treasures all over it. they got a lot of boxes here, boxes filled with little folders filled with papers, and there's a lot of stories hidden in those papers. in fact, if you get real quiet and you listen real closely, you just might hear somebody take a piece of paper out of the box upstairs and read it and go, holy cow. you don't have those holy cow experiences all that often, but when they come, it's really a thrill for a researcher, and that's what keeps researchers going. so this book exists today because i gave into one of those deep, dark desires that lurks in the depths of the human soul. i refer to the desir

next, peter carlson recalls the capture journalists albert richardson and junius browne by confederate forces at the battle of vicksburg. the reporters were covering the war for the new tribune anderson to multiple confederate prisons over 20 months until the escaped and made their way across the appalachians with the assistance of union sympathizers. this is about 50 minutes. >> thank you, david. thrilled to be at the national archives. to be back your i should say. i've written three books and have researched all of them at the national archives. it's a place of buried treasures all