he's bernie schaeffer, chairman of schaeffer's investment research, publisher of the "option advisor market letter." welcome back to "nightly business report". nice to see you again. >> pleasure, tom. >> tom: so not enough investor belief in the market rally, despite the nice rallies we saw last year of why not? >> right, here we have a market that's up 80 some odd percent from its march 2009 bottom as measured by the sp. we go through a cycle and sentiment just like the market goes through cycles. at the bottom you have the despair. then you rally off the bomb everybody think is it's a bear market, so disbelief, eventually the rally reaches what we call the acceptance phase. and ultimately the cycle ends with a market top and you have euphoric type sentiment. >> tom: you still think we're in the disbelief phase. >> a couple quick analogies, the 30 plus years ago back in 1979 plus week, the death of equities on the magazine cover. magazine covers ten to be great indicator of sentiment extreme, this in case despair. 10-year returns were negative on the market at that time. we also had

of schaeffer's investment research. on the economic calendar, a host of numbers, including november construction spending, december auto sales, and the december employment report. monday, we go beyond the scoreboard for a look at the recent blizzard's impact on the business of sports. another loss for a cigarette giant in court. a judge has ordered r.j. reynolds to pay a connecticut woman $4 million in punitive damages. that's in addition to the $8 million a jury had already awarded her in a trial. the jury found the tobacco firm's products were dangerous and defective and led to massive health problems for the woman. no comment from reynolds on the additional award, but it previously said it intended to appeal the case. meanwhile, if your new year's resolution is to lose weight, the fda has one way not to go about it. the agency warns consumers about what's called fruta planta weight loss products. tests show they contain a drug that's been pulled from the market for safety reasons. the fda says if you're using it, sto

also, our friday "market monitor" is bernie schaeffer, chairman of schaeffer's investment research. >> susie: facebook will soon be more investor-friendly. the social-networking giant will begin disclosing financial information, or go public by april of next year. that's according to a memo to potential investors. meanwhile, goldman sachs is expected to close the book on client orders for private facebook shares, after being hit with huge demand-- as much as a billion and a half dollars worth. goldman values facebook at $50 billion. >> tom: his psychiatrists say accused ponzi schemer allan stanford is not fit to stand trial. the doctors say the former financier is addicted to drugs and depressed. today's testimony was part of a hearing in houston federal court on whether to postpone the january 24 start of stanford's trial. stanford wants a two-year delay. prosecutors suggest he's faking mental illness. stanford is accused of leading a phony $7 billion investment scheme. i >> susie: many americans are still feeling battered and bruised from the great recession; some struggling to find

i spoke with the stanislaus county schaeffer adam christensen. he said the goal today is to determine whether the vehicle juliani car deny knows was -- cardenas was last seen riding in is in the water. the surface of the water, you can see it moving pretty quickly. it's flowing at a rate of about 4 feet per second. and the sheriff says stopping the flow of water is essential to do this search properly and that is their plan for today. juliani cardenas went missing earlier this week. we have cell phone video ktvu obtained showing the 4-year-old boy before he was object ducted -- abducted. the man he is pictured with is his mother's ex-boyfriend, 27- year-old jose rodriguez is accused of abducting juliani earlier this week. rodriguez and juliani were last seen riding in a silver toyota corolla. a witness earlier this week told police he saw a vehicle fitting that description drive into this canal and so that's why the search for this missing 4-year-old boy has focused on this body of water. now, again, any minute now, back out here live we can show