salinger, the press secretary for mr. kennedy is in charge of the whole event. and he lets everyone do what they need to do and then eventually he just shuts it down. he closes the lid, as he says. and so the reporters start going and everyone is starting to leave. but mr. vega is at the very beginning of the pack. and as he's crouching down, picking up his materials, he looks and he hears eisenhower telling kennedy, i know somewhere where we can go and talk. and as he's looking, he sees the picture. he sees the image that he does. but he also realizes, that in order to make the picture that he's seeing, that would be in between the legs of a secret service agent that was standing right next to him. so the secret service agent was -- went by the nickname of moose. so he goes, moose, spread your legs. and moose says, no, i can't do that. salinger said the lid is closes. moose, just spread your legs. i have a picture here. do it. so moose just goes and spreads his legs. he takes the picture and the pulitzer prize image is captured. and as you could see it captures

and moose says" i can't do that, salinger already said the lid is closed." and he said "moose, spread your legs, i have a picture here, do it." so moose spreads his legs, he takes the picture and the pulitzer prize image is captured. and as you can see, it captures two men with a problem, two men with the weight of the world on their shoulders. "jack ruby" shoots lee harvey oswald won the pew litzer in 1964. the assassination of president kennedy is burned into the consciousness of most americans of a certain age and robert jackson had been working with the paper for three years and he was part of the motorcade covering that visit of president kennedy to dallas. as he is near the book reposito repository, mr. jackson goes down and he starts changing his fame, all of a sudden he hears a couple shots and he looks around, hes here three shots, he looks up and he sees a rifle being retreated from the window of the book repository and he's sitting there on the ground with an empty camera. so he misses covering that historic part of the story. however, mr. jackson

jeffrey salinger is with us. he said many investors think investment is in a bubble. senior market analyst at voyage analysts. jeff, i'm going to start with you, this is a note with the title patience young grasshopper. what are you trying to say, this is a series of e-mails that were sent to you? >> well, we've been exercising the rarest commodity on wall street which is patience. we shoved a lot of chips out on the table. actually, i was on your show friday before the market bottomed. becky asked me what the market was saying, and the said we're going to bottom the next week. we've had a pretty good run but when the s&p failed to trade out 00 to an all-time high like its brethren five or six weeks our mold had a polarity flip. times was about right but the projection on the model was 1990 to 2000. we've done it in terms of time but not price. >> so we're exercising patience here. >> patience means sitting on your mans versus what? what are you doing? >> exactly right. sitting on our hands. >> karen, are you sitting on your hands? >> no, i think there's opportunities