let's bring inpeter kenny from knight equities and art from lazard capital markets. petere obviously making a big deal of the fact that it is important. we've got back to these record highs. at the same time i would like to really know whether or not we are witnessing the highs of the year. >> okay. highs of the year, so far, year to date, yes. we're there. however, a lot of volatility -- >> as in, like, this is as good as it gets. >> no. >> we're going to get to our records and back off or we've been further to go. >> no. i think there's further to go. i'll tell you why. housing, quantitative easing, rotation within the equity space to the lower valued or the cheaper stocks. very, very specifically, basic materials, telecom, large cap tech. these are opportunities and relative valuations where you're going to see capital move. that should continue to give lift to the markets. >> if you ask someone who is in this market it's pretty exciting, right? great. i'm at a record high. my portfolio is looking good. art hogan, how good is retail participation? are there people at ho

peter kenny, always great to see you. larry shover we'll see you in a couple minutes when the s&p futures close. thanks, gentlemen. he made his billions thanks to savvy timing investing in social media and buying into facebook and groupon well before their public debut. where is he playsing his bets right now? yuri milner, digital sky technologies founder will join us. >>> goldman sachs says we're not overbought and the bulls will continue to rule. where do they see opportunity? well, abby joseph cohen, goldman sachs senior investment strategist and president joining us in a moment. you don't want to miss that. >>> also we want to hear from you. nielsen, the tracking, they track tv shows, how much you watch. they may soon begin tracking online viewing of tv shows, online viewing. do you watch more tv online than on a traditional tv set? log on to facebook.co facebook.com/afterthebell. we're going to read some of your answers a little later this hour. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] t

at the markets and how they've traded today in our closing bell exchange with michael bell, kenny palcari, peter anderson, and you are own rick santelli. kenny p., you guys on the floor, you really feel the minute-by-minute back and forth of the markets. what is motivating the market right now? are these earnings having this impact or is this all about the issues facing security in boston and in washington, d.c.? >> it's not -- listen, that's part of it, but the issue with the market is a realization now that the market is probably well ahead of itself, based on what the economy is, based on what we're seeing happening around the world in china, certainly what's going on in europe. so the fact is that investors all of a sudden are deciding, geez, we better start paying attention to this news, becausing the market is well ahead of itself. so what you're seeing is the market backing off and really coming back or trying to come back to a state of equilibrium between where the economy is and where the market should be. the whole boston thing and boston marathon and that down in d.c. is certainly add